Buy and hold advice

[Andrew Olson]

Hello!!

I feel kind of bad because I started asking questions way before I introduced myself. My name is Andrew and I currently in Wichita KS. I am active duty military. I am currently renting but during my time away from home I have been reading a lot on bigger pockets and would like to start purchasing houses. My current plan is to buy houses that need a little work or have unfinished basements that I can work on while I live in the to either sell or rent after the military moves me somewhere else. My hope is by doing this I can decrease the tax I owe by owning it for more than 2 years.

I don't know if it would make sense to use the 70% rule for flipping in this case or not?

Also is there any guidance out there of creating a multi family home out of a single family home such as laws etc?

Any insight is much appreciated on any aspect of what I am doing or maybe things I haven't thought of. Thank you all so much for your time!