Once the seller submits their address, the backend instantly pulls the market price.Here is where the custom logic kicks in:It automatically calculates repair costs based on property data, seller-inputted condition, and location.It classifies the property into one of 4 market temperatures: Slow, Rural, Standard, or Hot.Using this data and your specific backend rules, it dynamically selects the proper ARV percentage, deducts your preset assignment fee, and calculates a precise cash offer (e.g., 68% * ARV - Repair Costs - Assignment Fee).2.

Track everything, mortgage, utilities, repairs, and any personal contributions separately, and check in with an accountant early so you understand deductions and how to report.

@John Underwoodfor high income earners the ability to offset other income with STRs via large initial depreciation, far outweighs losing deductions later.

Giving up a cash-flowing asset just to fund a down payment usually creates more tax friction than benefit, since you lose ongoing income, deductions, and future flexibility.

From my experience, once you decide to proceed, the intake fee is deducted from the total amount.

I make over $150k, so I believe I don’t qualify for the rental loss deduction and I’m not a real estate professional.

You're prone to forgetting what happened. other big mistakes I see are not reconciling escrow account leading to improper deductions for insurance and property taxes. 

Makes deductions bulletproof if you ever get audited.

You have mortgage interest deductions and you can do 1031 exchanges to avoid taxes on capital gains.

Usually, there is a checkbox on these forms for a declared total value - similar to the standard deduction on your taxes.