I rent and really have no desire to purchase in the city because it would be a downgrade of space/neighborhood.

In your case, with a history of passing audits and having a CPA who is experienced in IRS representation, you're in a strong position should an audit occur.Regarding audit statistics, the IRS generally audits fewer than 0.5% of individual returns, with even lower rates for those earning under $1 million annually.

Depending how much you earn you can step up those savings by getting a side-hustle.

But every day investors buy less than desirable property utilizing high leverage debt at high interest rates producing high risk of negative cash flow and built in negative equity.  

Depending how much you earn you can step up those savings by getting a side-hustle.

@Natasha BradfordTo save your hard-earned cash and energy, I strongly suggest signing up for one of the many wholesale programs available.

With that being said, having the comps that your agent has provided you ready for that appraiser can go a long way to make sure you get your desired outcome. 

Since flipping income is considered active income, it combines with your W2 earnings and can push you into a higher tax bracket, so it's important to set aside funds for both the increase in income tax and self-employment taxes. 

I have found people to partner with to do deals, and have earned back double my cost of joining after only being in the group for 1 year. 

We are new to the real estate industry but we are building a family owned business to earn an honest living while being able to provide and instill good ethics and morals into our children.