There are really great REI opportunities in different markets - markets in the Midwest and Southeast of the country are particularly lucrative - where not only are the purchase prices reasonable for most RE investors, but the homes are turnkey (new builds or completely rehabbed homes, tenant ready, systems 10 years of life remaining on them, property management teams in place) with appreciating home value AND appreciating rent.

Also interested to hear more about using it for a rental property.

I’ve been diving deep into the world of real estate investing, with a strong focus on acquiring rental properties and eventually scaling into larger deals.

To get to the next property, or any property.... you need cash.

@Ngozi IwunzeOne way to avoid capital gains is to turn the flip into a rental after the rehab and then do a 1031 exchange into a more expensive property. 

How many properties have you bought?  

It’s also worth considering a multi-family property for your first deal since it can help with cash flow.

In fact, it is usually an automatic no deal unless you are putting 50-60% down for an investment property, but at that point, it wouldn't be worth putting that much cash down on an investment property where you can get much better returns in markets such as Denver. 

Since you’re investing from (out of state), property management is everything.

As for the property you posted, that is a great area.