The real levers are:Making sure every legit business cost is captured (interest, points, utilities during rehab, mileage, tools, insurance, education, % of home office, etc.).Looking at entity structure (often an S-corp once profits are consistent) andPlanning ahead for next year with things like a solo 401(k) when you know you’ll have flip income.Short version: tighten up your write-offs now, pay what you owe this year, and use this as the baseline to build a more tax-efficient setup before your next round of deals.

@Theresa Harris thank you Theresa, I'll go ahead and do that.

Repairs are inevitable, but getting ahead of them greatly reduces that.

And that’s how this business is built.If you’re a few steps ahead of me, I’d love to hear from you:What tool helped you book your first appointment?

If you want to be ahead of where you are in 7-10 years, great drop FI specifically.You're 23, just focus on being shrewd and understanding delayed gratification.

You need to get ahead of the market on pricing. 

Hi @Anthony Bailey Good thinking ahead on REP, most people try to “retrofit” it at tax time and it’s too late.A couple key points:Placed-in-service year vs. cost seg yearThe property being placed in service in 2025 doesn’t lock you into doing the cost segregation in 2025.

I would only fund someone with deep knowledge in the space so if your new to this plan on having some access to significant money. 100k min to 1 mil or more to just get through entitlements and this is CASH not borrowed etc since you dont own the land your just in contract subject to getting entitlements. ( Caveot its cheap enough you went ahead and just bought it but normally these type of parcels are 1 mil or more to purchase).2.

You’re already ahead of the curve!

It’s awesome that you’re thinking about this ahead of time.