I will look for your podcast.That's a great market with a high ceiling, but how's the inventory for finding homes to flip?

Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.

This is primarily due to two key factors: low inventory (leading to tight margins) and high interest rates.

Check 4 weeks prior to your counties trustee auction date for new inventory. 

I thought this could be a good way to take inventory of other situations landlords experienced and make proactive updates to our leases without having to first experience the same fact pattern.

Also I would consider being a new agent in a market with no inventory and no buys will be a grind with little pay. 

-Detailed inventory and inspection of owners property (this is done for LTR also, but few LTRs are fully furnished and outfitted). 

If you are willing to do this over a long period of time, this can be a great strategy, especially in a low-inventory market.

For this reason, I would take inventory of the local banks within your target markets that offer financing options that best serve your real estate needs (again, usually the smaller local banks), and build depository relationships with them.

The only inventory is new construction.