Do you know any GC in the area you could introduce me to?

Hey Tye, what I would do is check if there are any new builds happening in the area.

Quote from @Kerlous Tadres: Hey @Aaron Hernadez, If your area has a strong demand for rooms, renting by the room usually cash-flows better; small multis are easier and more stable long-term.

On the flipside, a fully rehabbed building in a high-demand area like Pilsen can offer strong appreciation and solid rents..

From a tax perspective, the choice to sell or rent really depends on two key areas.

I’m also based in the Houston area and really enjoy seeing other investors getting started on their BRRRR journey.

So then I started calling various lenders asking about their limitations on rural areas, and majority said they don't lend rural areas at all.

Hey @Honey Beans, so there is a lot of good advice here but I would like a bit more data.I am very familiar with Sunriver and the surrounding Bend area. 

The deal was in a good area with good comps, but not comps that supported the wholesalers purchase price.

But that’s a gray area and probably not worth fighting over.Most stick to deducting only the clear, defensible items under §1950.5.What to do:Gather invoices for:Water reconnection feeAny charges related to nonpaymentPrepare an itemized deposit statementInclude receipts/documentationMail within 21 days via certified mail or a trackable methodThat protects you and keeps everything compliant.