The extra data layer helps with prediction I guess?

Bedding, lighting, seating, and then layer in budget-friendly décor.

I have a contractor who gave me two options:1) Do the things listed above - which is under the budget I set for the reno as part of the due diligence process2) Do all the 'must-do' items, and also replace the roof (roof is 12-15 years old but passed inspection), vinyl siding, cover the existing hardwood flooring with LVP, and upgrade the kitchen - items that aren't absolutely necessary to do now, but would increase the appraisal and reduce maintenance costs in the future.

It could cost tens of thousands to "fully remediate" any lead found in internal paint layers. 

The city recently moved toward a more flexible zoning framework that allows ADUs by right in far more residential zones than before, removes many of the parking and owner-occupancy requirements that used to be barriers, and generally simplifies the approval path so homeowners don’t have to go through multiple layers of variances and hearings.

If you can buy a property for a significant discount and add value, that can add a layer of protection and equity when you go to sell.One other note, since you will be living in the property for 2 years, you should not need to do a 1031 exchange (as long as you live in the property for at least 2 years). 

It means sellers aren’t adjusting—and smart buyers and owners have room to maneuver.And there’s a bigger layer beneath all this.With AI projected to disrupt employment over the next 1–5 years—with some forecasting 10–20% unemployment—this is the moment to get intentional.

What Chase said here is spot on, especially the part about flips being taxed as short-term capital gains (which really just means they’re taxed at your ordinary income rate) if you sell in under a year.

Most investors treat recreational/farm parcels as long-term appreciation plays unless they layer additional revenue streams or secure creative financing.Happy to dive deeper if you’re exploring a specific market or strategy — I work with several investors in this space and have seen a range of approaches.

That spreadsheet is much simpler than the above.If you have a straight partnership, the proceeds might be a simple split.Creating a spreadsheet that could effectively handle both types of structures adds a further layer of complexity.