You can take out a lot of complexity when you buy property that only needs maye paint & carpet.

They are not buy and hold forever type properties. 

Investment Info:Single-family residence buy & hold investment.

Quote from @Roxanne Whitaker: Please be aware if you buy an investment property and do not live in MD, when you go to sell it you will pay an 8% tax at settlement. 

Please feel free to reach out to me and my team if you would like to come up with a game plan and build your buy box. 

Often they like to ultimately buy their properties and will pay over market value so they don’t have to uproot the established program to stay in the home they’ve been renting.

Or only buy something for $350K and pay tax ont he $100K difference.

Publication 15, Employer's Tax Guide, says only this much:...Payments for the services of a child under age 18 who works for their parent in a trade or business aren't subject to social security andMedicare taxes...No definition, and IRS publications are not really law anyway.

Future land appreciation in this area might outweigh any tax benefits from buying in other areas, with a better (tax-wise) ratio.Before pursuing your plan, talk to a real estate accountant to figure out if you can, in fact, benefit from cost segregation.

In answer to your question- Yes, I hope to buy and hold here and flip when possible.