That is just crazy.Looking at, “can the average person afford the average house in xxx city" is very telling.It is simple to identify the top and bottom, but the middle is tough.  

I want to make sure I’m analyzing these deals the right way.Any guidance on how to identify the right type of property and avoid wasting time on deals that will never pencil out would be really appreciated.Thank you.I've been flipping for 30 years.

It’s also important to pay attention to where local employers are expanding, ease of access to daily amenities, school quality, traffic patterns, and long term zoning plans when evaluating appreciation potential.

Identify good properties long before your relinquished property is sold.

Aside from looking at other local PadSplits in the area, what are some other forms of identifying current market rents for rooms in an area that is not prevalent in PadSplits currently. 

Suspended LTR depreciation/losses often aren’t lost, they can carry forward and may be released when you sell, so the “can’t use it” point may be overstated.Real estate sale taxes aren’t just 15–20% LTCG: depreciation recapture, possible 3.8% NIIT, and state tax can raise the effective rate.A 1031 has strict deadlines (45 days identify / 180 days close); if you need more time, consider reverse 1031 or a more passive “parking” option like DSTs.STRs can potentially offset W-2 income, but it’s more complex than “100 hours”—material participation rules and documentation matter.Cost segregation can be powerful but only if the deal supports it; it accelerates depreciation and can affect future recapture.Consolidating into fewer properties can reduce operational risk, but watch market/regulatory/insurance volatility.Best next step: compare hold vs sell taxable vs 1031 with full tax/return components (recapture, NIIT, suspended losses, timing risk).Always consult with a CPA who specializes in real estate.

When a cost segregation study is done on an RV park or MHP, depending on the year of purchase, the owner may be able to depreciate anything that is identified as 5-year and 15-year assests the first year of ownership with 100% Bonus Depreciation.

I’m reaching out to the BP community to connect with local pros, find the "boots on the ground" meetups and identify mentors.Let’s Connect​ Whether you’re a wholesaler with a deal, a lender with a new product, or a mentor willing to share some "war stories" lol  I’d love to connect.Dave

Looking on Loopnet, or MLS, identifying the few reasonably priced properties, offering 15% below asking, and negotiating a 10% “discount, is NOT deal making - it’s investing.Nothing wrong with that - I did a lot of that in Phoenix and Miami in 2012 - 2014, and was rewarded handsomely for my efforts.However, despite purchasing properties for seemingly give away prices, my return over the next 10 years was just (on the high side) of what you’d expect as an investor.Deal Making ( In some of my previous posts I’ve chronicled specific deals I created) is a lot more “intense” than investing.

Short-term capital is extremely effective when the exit is clearly defined upfront.From a lender’s standpoint, the biggest safeguards I look for are:A realistic timeline (with buffer) for rehab, lease-up, or saleA clearly executable exit (refi, sale, or take-out lender already identified)Conservative leverage, especially on heavier value-add projectsBorrowers who understand holding costs and don’t rely on best-case scenariosWhere investors get into trouble isn’t the cost of short-term capital — it’s when delays stack up and there’s no margin or backup plan.Used properly, short-term funding is a tool to create speed and opportunity.