Get a good CPA to classify those improvements correctly.

It required no improvements, was in a market with active buyers, and had immediate resale potential.

I get it man sometimes life gets in the way; I'm wrestling with the same problem myself. so, the past few years I've spent optimizing my first deal by implementing systems and improving the property as much as possible.

Hey Jennifer, love the energy you're bringing, sounds like you’ve already built a strong foundation and have a clear vision for scaling with BRRRR and DSCR strategies.One big lesson many investors learn with DSCR loans is the importance of planning exit strategies early.

A model that I am working on now, addressing a question earlier in the thread, is to design an efficient house for build to rent.

With a $300K budget and a goal of building a long-term rental portfolio, your key success factors will be smart leverage, the right market, and tax efficiency.

Royalties are tied to energy production and commodity prices.

When executed properly, it should be a very smooth and efficient process. 

Hello BiggerPockets community!
I must announce my first ever post on this platform!
Recently I acquired a flat and I intended to rent it, targeting this Mid-Term (until 1 year) Rentals Potential Tenants population.
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This can help streamline management and boost operational efficiency.• Shift Into Growth Markets: Use the exchange as a chance to relocate your equity into markets with better long-term appreciation or population growth trends.When evaluating 1031 options, weigh factors like overall return, risk tolerance, management preferences, and long-term goals.