If you have lived in the property for two out of the previous five years you could qualify for the 121 exclusion, where you get the first $250k ($500k if married) of the gain tax free.

They don't care about the cash-flow, The write-off's are profitable and there looking at the out-sized equitable gains. 

I agree with Afra at that price point it's best to start with flips that have $15K - $30K rehab budget to gain some experience and get a good team in place and then work your way up to larger rehabs with higher ARVs!

@Jake Hughes A 1031 exchange is a great way to indefinitely defer all of the capital gains taxes, and gain access to that tax to use over time for your own benefit.

While these losses won’t immediately offset W2 income without REPS, they can be carried forward to offset future rental income or capital gains when you sell the property, lowering your tax burden long-term.This post does not create a CPA-Client relationship.

The key is going to be showing the long term gains, since they won't see any returns for 1-2 years. 

The account fees are minimal compared to the potential gain with most syndication offerings. 

The market appreciates 3% per year.If you pay cash for one house and rent it for $1,500, after five years, you'll have earned $90,000 in rent income and gained $34,000 in appreciation. 

Gaining an understanding of the Zoning is vital to what can be built and essentially dictate how profitable the land can be.

I'm realtor for Magnolia Realty (we're owned by Chip and Joanna Gaines) and I work with quite a bit of investors on helping them buy and sell properties!