Quote from @Jaycee Greene: Quote from @Steve Balinski: Quote from @Jaycee Greene: Quote from @Steve Balinski: Hello everyone, I found a partner I'd like to start flipping houses with.

Any tips for structuring a small gap partnership, private money arrangement, or equity split?

Quote from @Jaycee Greene: Quote from @Amy Wen-Mcgovern: Hello BP community,I have about 5 rental properties and do a mix of LTR/MTR. 

Tip though.. 

My top tip would be to have your plans drawn up first.

Hidden risks most investors missRisk #1: Someone reports you for creating a “duplex”Usually triggered by:Two full kitchensFire separation doorsAdvertising separate “units” on ZillowIf you avoid that, 99% of issues disappear.Risk #2: A downstairs bedroom without proper egressThis is the most common code violation on these setups.If you convert a garage, the inspector will want:Window height within egress codeMinimum ceiling heightHVAC that meets Florida energy codeNo sleeping room opening directly into garage space (if garage door stays)Risk #3: Flood zonesSeminole Heights has pockets of funky elevation requirements.If your garage slab sits low, you may need:Flood ventsElevated electricalWorth checking before sinking money.5.

Any tips in general? 

Any tips on where to get started would be greatly appreciated - originally looked into house hacking but we aren't sure we want to down size from a house into a duplex as we enjoy our privacy. 

Quote from @Jaycee Greene: Quote from @Alex Larcheveque: Hi everyone,I’m exploring a tool idea and would love some honest feedback from active investors.How do you currently analyze potential deals?

Quote from @Jeff Green: When you did the 1031, the $500K gain from House 1 didn’t disappear — it got carried over into your replacement propertiesIf you sell House 2 later without doing another 1031, you trigger:•the deferred $500K from House 1 plus•the new $100K gain on House 2Total taxable gain = $600KThe full $500,000 wasn't deferred from the 1031 Exchange.She sold $700,000 worth of property and only replaced it with $500,000($200,000 + $300,000).She should have a conversation with her accountant because it depends on multiple factors such as how much depreciation was taken on the property, how much basis was allocated as part of the replacement properites, etc.