Hi everybody,I decided to make the big first step and engage on BiggerPockets.  

On the income side a lot of the time they are trying to sell off the Pro Forma numbers and not actuals - I’m using their actuals, and if they are drastically under market I’ll put a slight increase on the actuals.

We had originally thought to rent it, but we may look at possibly flipping it and putting that cash into a rental, since we will be able to increase the value pretty significantly for not too much.On question we have is whether to convert a small, sunny extra room on the first floor into a mudroom. 

I am new to the site but am excited to begin engaging and learning more about investing.

The Plus Membership more than doubled in price with a 111% increase and unlimited reports and history were both killed.  

Without the depreciation recapture rules under, the $10,000 (sale price of 10, 000 - your basis of 0 ) gain you recognized will be taxable as capital gain under at a maximum rate of 20%.Thus, the sale of the machine in Year 2 would increase your federal income taxes by only $2,000 ($10,000 × 20%) (and would not be subject to self-employment taxes).

The legislatures continued drive to add regulations for everything will cause costs to increase for landlords.Rents will rise as a result. 

Here are is my advice if yo wanna try outHave a Professional website direct to the point REMEMBER first impression is the last impressionTry to create engaging content and share on your facebook pageUse a Professional profile picture and nice cover imageRun PPE ad and target your the group of people you wanna target, interest, as well as locationLet it run for few days make sure you add your facebook pixels in your website before you run ads that will allow you to track what happening and also add Google analytic to your websiteGet a designer to design nice ad image for you LESS TEXT MORE CREATIVE.Run it for few days and keep tracking the process and after few days start a retargeting ad as well with it so people who visited your website showed some interest and than left retarget them.Above tips were simple and to the point.

They would be entitled to 3/5 of the cash flow, and the developer would likely have their fee and also promote waterfall structure where upon hitting certain returns, their % of return in increases.

Then you can use the funds on demand as needed maybe start with the 40k renovations on your duplex and then have the rest of the credit line readily available to get the large multi-family you are looking for.I dont know the location of your duplex in California but $925 for rent per side seems reasonable and there may be room for rent increases.