I have REPS by actively and materially participating in my rental property portfolio, and also work as a real estate broker full time (1099 collecting commissions through a single member/purpose LLC) from buildings I sell.My losses from my rental properties (LLC #A) largely offset any federal and state taxes from my brokerage business (LLC #B).

It needed a good cleanup and cosmetic work.

I work 9-5, but I'm trying to jump into flipping so I can break free.

Here are a few things I'm curious about:How do foreclosure auctions work in NYC?

We do 90% of the work up front so there are no issues once a contract is executed.Is it difficult to get a lease in place if I still live in the home I plan to rent out?

Relying on a third party to control your positioning, rates, costs, and deal flow doesn't work long term.  

Look at lower ARV properties 200k and below and you'll probably find some that can work as a flip or a BRRRR even with current interest rates.I also would recommend meeting with a lender and describing your goals. 

. : )Whoever you work with make sure they are experienced and know what they are doing.

Work with multiple brokers, as a buyer - don't restrict yourself to a single broker.

A transactional relationship is one that is for the moment that may or may not work out.