Being right becomes more important than being effective. 

Tax Strategies for High-Income Earners: How to Lower Your Effective Tax RateRecent IRS data shows that the top 1% of earners—those making over $663,000 annually—paid an average federal income tax rate of 26.1% in 2022.

What are some of the best practices in purchasing and flipping fire damaged properties?

This is good, but an attorney will guide you on what specific documentation (dates of attempted contact, details of offers, records of late payments, lease clauses) is admissible and most effective in court.

It’s a cost-effective way to refresh the look and add years of life to your bathroom storage6️⃣ Improve the Flooring:Don’t forget the floors.

The damage is done when the loan is funded, not after.

If so, that's a liability claim under their property damage.

If the goal is to fund this deal, today: it is likely not effective. 

A clean slate allows you to visualize improvements more effectively and makes your upgrades more impactful.3.

This is a structural issue with the tub's integrity.Patching/Sealing from Below: While you can see the rust and stains from below, effectively sealing the tub from the underside to stop a leak originating from the internal rust around the drain is highly unlikely to be a permanent or reliable solution.