I’d definitely recommend jumping on a call and interviewing a few CPAs to see who aligns best with your goals and personality.

The Deal: • Single-Family Fix & Flip in the Midwest • Purchase Price: $250,000 • Rehab Budget: $50,000 • ARV: $375,000 The Funding Structure: • Loan Covered: 90% of purchase + 100% of rehab • Total Loan: $275,000 (capped at 75% of ARV) • Term: 12 months, interest-only payments • Closing Timeline: 10 business days Client Cash to Close: • 10% down on purchase = $25,000 • Closing costs + points ≈ $8,500 • Legal/Appraisal Fees ≈ $1,500 • Total ≈ $35,000 Out of Pocket Monthly Carry: • ~$2,520 interest-only payment (plus taxes/insurance) Exit Projection: • ARV: $375,000 • Loan Payoff: $275,000 • Selling Costs (~8%): $30,000 • Net Profit ≈ $55,000+ For this client, we made sure the financing aligned with their exit strategy so they could move quickly on the property and keep more capital free for future deals. 

A full rehab with all major components on a small 1960s property will cost anywhere between 60k and 80k - if you know what you are doing.Homes have an intrinsic value and that is anchored in the cost of land and the cost of labor and materials.

My focus now is on helping others approach real estate projects with a builder’s mindset — understanding timelines, budgeting, and how to align funding with actual progress in the field.I’ve been lucky to work on everything from family homes to multimillion-dollar properties, and I’ve learned that success always comes down to people — honest communication, clear expectations, and true collaboration.

., starting a business or managing a short-term rental) to align with those strategies.

Seller credits can cover closing costs, reduce your interest rate, or even fund repairs—all tools that can lower your effective cost of money.When you’re writing offers, think strategically:If you plan to hold long-term, a rate buydown can outperform a small discount.If you plan to refi or sell soon, weigh whether the upfront savings align with your timeline.Before you send your next offer, ask yourself: Would I rather have a $10k cut or a $10k credit?

By the time I adjusted it to align with quotes offering acceptable coverage for my risk tolerance, it was more expensive than Proper even.In my opinion, there are a lot of STR policies out there that are really weak compared to the level of risk. 

It gives you a solid foundation on the different real estate strategies (buy & hold, flipping, BRRRR, etc.) and helps you figure out which one aligns best with your goals and resources.Once you go through it, I’d also recommend checking out a few forum threads here that match your interest — for example, if you’re drawn to short-term rentals, BRRRR, or house hacking.

It involves using Section 179 or bonus depreciation, and I would not DIY this project, as distinction between repairs and capital improvements is one of the most confusing areas of the tax law.And no, you do not need a cost segregation study to deduct these components of your rehab - if you have itemized invoices and receipts.Myth 8: for a valid 1031 exchange, I must exchange STR for another STRNo, you don't.

It's not inherently bad, but you need to verify the numbers, legal standing, and whether the financing structure aligns with FHA rules, which typically require owner occupancy and specific underwriting.