You already have the right foundation with wholesaling experience — it’s just about tightening up the backend.Happy to chat and walk you through a few examples of how my clients structure their first flip for both cash flow and tax efficiency.

If you have the rec room outfitted with some sort of kitchen you could market as a studio or if a less than full kitchen maybe call it an efficiency which implies a kitchenette.

From what I’ve seen, the deciding factor is usually a mix of all three, but in different weightings depending on the seller’s situation. 

I work with a lending company that helps investors structure deals efficiently, so feel free to connect if you want to exchange ideas or talk strategy as you make the transition

This is critical: Rent growth must outpace inflation—otherwise your buying power erodes, no matter how many properties you own.LocationThe other crucial factor is the investment city.

I work with a lending company that helps investors structure deals efficiently, so feel free to connect if you want to discuss strategies for navigating this refinance landscape

Probably the thing that has been the biggest factor is to run the business like a business. 

In general, real estate is a highly efficient market, if you are seeing 20%+ net IRRs, just know there real risks in the investment in various ways. 

There are many Cost Seg considerations that are unique to each investor and these only effectively and efficiently addressed with your tax accountant's input.  

I work with a lending company that helps investors structure deals efficiently, so feel free to connect if you want to exchange strategies or discuss approaching these types of assets