If you're wanting to get into construction managment there's two main areas you would need to make yourself an expert in; Reading plans & Scheduling.

Additionally, most servicers will provide the tax documents needed at end of year (1099-INT, 1098-INT) and can also issue notices of NSF, late payments and support delinquency /default.

- Look into if property taxes are reassessed after purchase.

If you live in the home for 2 out of the past 5 years and move out of state you may be exempt from the tax.  

Crickets...At this rate, it will be 2+ years before the project is finished.Anytime you ask for a project plan or schedule you will get vague responses with no actual plan.

A FHA 203k Loan is where the purchase price and rehab costs are rolled into a single loan.Assuming you have a respectable FICO you can buy, with a FHA Loan (3-5% down, a 30 year amortization schedule, and a residential loan rate which is around 7% in today’s market).If the property requires rehab, the Realtor and/ or Mortgage Broker will suggest applying, for a FHA 203k Loan.

You will want to fully understand the tax reporting burden you will face. 

This is a screenshot from a private Facebook group for tax professionals.

Make sure your financial advisor understands real estate taxation, financial planning and tax planning. 

It is tax free in the sense that you will not owe taxes today on the cash-out.