Unfortunately the short and mid term markets are slowing down.

Because flips are considered inventory (not capital assets), profits will be taxed as ordinary income rather than qualifying for long-term capital gains treatment.For tax filing:Report expenses like construction costs, permits, and interest as part of your cost of goods sold (COGS)—these won’t be deductible until the property is sold.Since no revenue is expected in 2024, your S-corp may show a loss, but that loss won’t reduce personal taxable income until the sale occurs.Each partner will receive a Schedule K-1 every year, including 2024 and beyond, as long as the S-corp remains active.Unlike an LLC, S-corp shareholders do not pay self-employment tax on their share of profits.

It ain't that hard and is a far better product as far as long term durability.

When you buy determines your short/long term capital gains.The "in-service" date = The point in time when you can start taking depreciation from.

Hello all, I have a long-term tenant that's been with me for over 10 years.

A more holeistic approach is needed: long term wealth is mostly created by principal pay down and appreciation.

i have a HELOC myself, but if i use it it's for something short term and then paid back quickly. 

@Matthew Becker doing short term rentals? 

Those should drive a ton of traffic to your listing.Furnished Finder is the go to for MTRs (long term rentals with a shorter stay, over 30 days).You can also use FB like @Bruce Woodruff mentioned but you will need to get everything setup to take bookings.

With 100% Purchase/100% Rehab Hard Money loans, you can buy at 50-55% of ARV, renovate smartly, and refinance at 75% - 80% LTV, often hitting 40% + cash-on-cash returns (Minimum).