Take your flip profits in CA, and buy with those profits for CF in the Midwest. 

Somebody else comes in and remodels, then sells and takes the profit. 

and a big believer in starting a conversation about how can we make this transition doable for you. 

Purchase price: $330,000 Cash invested: $360,000 A cash (silent) partner and I are buying this duplex, flipping it to an ARV of $460,000 then doing a cash out refi or selling it for a profit.

The IRS taxes home sale profits based on ownership, not who receives the money.

I am willing to give up my profit in the deal to find a mentor.

As you start closing deals, you will need to reinvest your profits into mailing lists and other scalable activities to grow your business.

All those things, and more, need to be ironed out.Question 2From a tax perspective, if you put a dollar in a business and when you sell you get a dollar back, that is a $0 profit, so from that perspective there is no tax. 

Except you are not the builder  Having a house built by a builder , you are paying their profit .

We got out of condo conversions couldn't really sell any of them and transitioned to ground up development of single family homes and three story walkup triplexes on a build to rent model which is much easier for us to manage and our exit isn't a sale it's just a refinance.