Everything depends on so many variables that change on a somewhat regular basis - timing of the year, contractors, availability of good contractors (hopefully personally doing good & not increased costs), availability of inventory (good deals), financing, increased cost of materials/labor, etc. 

Policy loans are generally not taxable, as long as the policy stays in force.When you reinvest in a new property, consider a few key tax strategies to keep your returns optimized.

Based inSan Diego, building a focused fourplex portfolio in Indianapolis.Investment Criteria:Target: 6-7 fourplexes by 2030Capital: $120K initial + $3Kmonthly contributionsStrategy: BRRRR with professionalteams (not doing work myself)Target neighborhoods: NearEastside, Martindale-Brightwood, Twin AirePurchase range: $180K-$220K with $50K-$65K renovation budgetsWhy Indianapolis: After analyzing 15+markets, Indianapolis offers the optimal combination of:Strong fundamentals (job growth,median income $71K)Abundant fourplex inventory atreasonable entry pointsLandlord-friendly regulationsSustainable cash flow with appreciation potentialSeeking Professional Relationships: 1.

I'm bringing the $$, he's doing some labor himself and charging me nothing for labor. 

- the right location, the right size, the correct calendars strategy, listing optimization, amenities, booking speed, network connections, direct booking capabilities and more! 

You’ve pointed out some key factors: STR demand, fix & flip potential, labor challenges, and cash-only auctions.

Some owners want to treat you like a personal assistant, others are so cheap you could do a repair for just the cost of materials (no labor charge) and they still wouldn't be happy.Log EVERYTHING in writing!

This can be a tough one and a good sub at this will want 300 - 500 per day and that's just labor. 

I just had some done for $2500.00 with material/labor.

You may want to revisit the conversation or get a second opinion to make sure you're optimizing your tax strategy properly.I’ve also sent you some resources and guides that might be helpful, feel free to check them out.