That seems to be the main reason he left.

A ground-up construction loan for a new investor on some vacant land would also be a no-go as you must be able to show successful exits (refinance or sale) from a few projects before that's an option.So, we need to be able to see funds in your account that can cover the down payment, closing costs, and some reserves left over that will allow you to start your rehab.• No entity to close in: Though an LLC/entity is not a must-have, it's a nice-to-have prior to seeking financing.

Combining this with other tax-deferral strategies, like maxing out your IRA, 401(k), or solo 401(k), can help significantly reduce your tax burden while aligning with your personal values.

Yes your advice aligns very well with what I read in David Green's book on Long Distance Investing which was very helpful.

I have $50,000 left over from my house flip that I can use for my next deal.Any advice from other investors, especially ones local to the area, on how to best leverage my $50,000 in order to achieve my goals would be greatly appreciated! 

When checking out programs, it's important to understand what they offer and how it aligns with what you need. 

While the duration of market upswings can vary, a five-year investment horizon often aligns well with market cycles.

A few things to keep in mind:Section 8 requires the property to pass an inspection based on HUD’s Housing Quality Standards (basically making sure it’s safe and well-maintained).The rent you charge has to align with Fair Market Rents (FMRs) in your area, so it’s good to check what similar properties are renting for.You’ll still be responsible for maintaining the property, but the upside is that a chunk of the rent is guaranteed by the government, which can provide steady income.Check with the local housing authority about any specifics for your area—every jurisdiction does things a little differently.This could be a great niche if you can find a good deal on the land and make sure your expenses (like maintenance, insurance, and occasional vacancies) are covered by the rental income.

You don't have that action here so are left as an outlier, way above appraised value. 

Usually in my experience that tends to come back higher, aligning with the comps, after the actual renovation was done.