Flipping can be great, but house hacking is a good way to get started with minimal down if your market allows for it.

Again, everything must be at fair market value, and all documentation should be meticulous to withstand IRS scrutiny.It sounds like you’re on the right track, but it may be beneficial to consult with a CPA or tax attorney familiar with real estate and LLC structures to fine-tune your plan and ensure you're maximizing benefits while minimizing risks.Good luck with your investments!

Minimize your expenses.

Your cashflow will be minimal but not insignificant. 

I just sat through a lengthy pitch presentation for Pace's gator method which I left with raised eyebrows and concerns about Bigger Pockets putting their stamp of approval on Pace's brand.

I threw @Jameson Sullivan a softball pitch about what to watch out for when the cap rate is that good, and he knocked it out of the park.

I'd build it so the profit is minimal and way offset with interest and depreciation.

Also the pitch of the roof even a flat roof might not be graded properly.

Although I rarely watch any of the gurus promotionial materials these days, the 40k flip program caught my attention enough to watch the pitch, especially when I saw him mentioning N.E.

We're looking at potential deals and some of the agents often present very rosy scenarios of rents, coc, and minimal expenses.