Outside of that verify rents and the ARV if it's a rehab project. 

I forgot how the book ends but one of the high points was his design of a chapel "for the worship of God and the service of Man".

I like the strategy of living in a high cost of living market and still investing in more affordable markets. 

You're one buyer backing out of a deal before..going back to a regular job you don't like.Don't you want to be in real estate FULL time?

Do this a handful of times and your coasting well on your way to early retirement and cashflow to fund your ideal lifestyle.

The govt said the property they're taking was worth $1M, but the increased value of their improvement to the property was $500K, so they only offered $500K.

Not even a turnkey property will get 90% of the ARV!

I have been interview by the criminal IRS investigators 2 times now in 5 years still nothing. these things grind quite slowly and it could turn out the money went were it was suppose to and they made bad business decisions and will just roll it up to a big bankruptcy wipe everyone out and continue on with a new business we see that all the time.. there is no debtor prison that's why we have business BK laws  .. allows one to crater the company and any debt or equity and then start all over.. kills a reputation but you don't go to prison..

It allows you to take accelerated depreciation on portions of your property depending on when an asset is put into service.At the time of this writing, you can write off a huge portion (100% now in 2025) of many qualified components that have a useful lifespan of 15 years or less.That means a certain percentage of things like landscaping, sidewalks, latches, appliances, fences, certain flooring, etc is depreciable in year 1.The bonus depreciation rate percentage changes yearly depending on the administration and the tax code.For years 2015 through 2017 first-year depreciation for all the items on a 15-year schedule or less was set to 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019 and then 0% in 2020.But then Trump got elected, and he enacted the Tax Cuts and Jobs Act.That moved the bonus depreciation percentage to 100% from 2017 to 2022.In 2024 it went down to 60%.

One thing I see often is how challenging it can be for out-of-state investors to manage rehabs from afar.Some common issues I notice:Contractors missing deadlines when no one’s on-site.Budgets creeping up with surprises.Quality issues that aren’t caught until the end.I’d love to connect with other investors who are working in Indy or considering it.