It’s structured, step-by-step guidance from people actively doing deals.

Buying a property using the BRRRR method, does leverage appreciation.

So here are the steps I suggest you follow with $5K available.1.

@Jonah Slove, if you decided to use option 2 and hold onto the property for a year to get capital gains treatment then you could go one step further, do a 1031 exchange.

From a tax angle, flipping is treated as active income, so once you start doing consistent deals you will want the right setup, often an S Corp, to avoid paying more tax than you need to.The best first steps are to learn how to analyze deals, build your team (a lender with creative financing options, a real estate agent in the area you're interested in, and maybe a CPA), and understand your numbers so your first flip is profitable after taxes.I just sent you a DM with a resource that might be helpful for you in this situation, so feel free to check it out.

@David V Flores, I'm guessing many people will tell you to get quotes and that may not be a bad idea for something this large but I'll give you another basic method to "estimate":1.

If you don’t already have the caseworker’s direct email and phone, that’s the first step.

A simple step you can do today is pick 2 or 3 neighborhoods you would actually self manage in and pull 10 recent sold rentals and 10 current rentals so you know real rents and real prices, not list price math.

That said, I see a lot of information about how to invest, but I’m struggling more with when it makes sense to realistically take that first step.

In this instance, I do appreciate that you and your team have stepped in to address the situation directly.Regarding timelines, I understand the breakdown you provided.