I agree with @Travis Main completely -- the real discipline isn't hitting a specific timeline target, it's buying with enough margin that the timeline can slip without destroying your profit.

We then back into a price based on our intended profit margin, time value of money, an analysis of worst case "what if they pay us and what if they don't", the time in the jurisdiction to get the property back through foreclosure if necessary and our time value of money associated with that.

We still walked away with a solid profit.

Carrying costs during contractor delaysThis one's sneaky because it doesn't show up in your "rehab budget" — but it eats your profit just the same.

Rolling the profits into a 1031 and producing $53k from the STR last year shows how one well-executed deal can create momentum for the next one.

All of our facilities are profitable (and much more profitable than that same amount would be invested in single family homes).

SE tax is calculated on Schedule SE based solely on the net profit from Schedule C (and any other self-employment activities).•  Schedule E rental losses (from depreciation, cost seg/bonus depreciation, repairs, etc.) are generally from passive activities—but if you qualify as a real estate professional and materially participate in the specific rental activities generating the loss, those rental activities become non-passive.•  When rental losses are non-passive (via REP + material participation), they can offset other non-passive income on your return, such as: •  W-2 wages •  Schedule C business income (like realtor commissions) •  Other active trade/business incomeThis reduces your overall taxable income (and thus your income tax liability) by the amount of the loss.But It Does NOT Reduce SE Tax•  SE tax is not reduced by losses from other sources—even non-passive rental losses.

Met with a partner who has retired his (family member only) C-corp service type enterprise.

My partners and I are affiliated with a non-profit whose primary mission is to serve those who have been homeless, struggled with addiction, and have been incarcerated.

Because of the preferred financing another month or two of hold was not going to effect the profit much.