Excited to meet and build valuable & genuine relationships with potential buyers, sellers, and dealers alike!

Flip properties are not eligible for 1031 exchanges and they are considered dealer property and not investments.12. 

*assuming one is not considered a "dealer" in the eyes of the IRS.

Hey @Theo HicksHere's my take the numbers are okay but if you have 500,000 to spend in Cincinnati market you could buy 6-7 turn key sfh or smaller 4 units and not have all your eges in one basket plus norwood is not the easiest place to deal with and depending on the side of norwood you have to be careful of the drug usages and the type of tents you will attract .

Check the classifieds, internet postings, driving around, dealers, local repo people and let them know you are looking for a home.

But I do think I need to address the drug issues - how do I do that?

If you have questionable morals, there are far more lucrative investment opportunities available to you than real estate (drug dealing, gun running, organized crime, etc.).I have a license in CA and am not aware of any legal or ethical requirement for me to disclose my license if I'm buying a property, as a principal.  

The confusion comes when new dealers/operators think the need an identity to deal in real estate, "I'm a wholesaler, I'm a buy and hold investor, I'm a rehab guy"...... what difference does it make to Harry Homeowner who or what you call yourself?"

You might speak to one of their dealers. 

@Amber Webb  think twice re registering your REI as a business, especially in flipping.Read up on the IRS dreaded classification of "RE Dealer".IMO, if you need write-offs to make your flips profitable, you need to buy smarter and reduce costs.