I wanted to get the opinion of those on BP regarding thoughts on this strategy, if it makes sense and if there are any tax implications.

Honestly there are several career paths that will help (Renovation contractor, real estate agent, corporate RE analyst)  but depending upon whether you are looking for a career investing/flipping versus using your W-2 career income to build more by flipping, you can approach it better in my opinion by learning through doing.Flipping especially 1 at a time isn't a full time job and my thought is that you get help on your first, maybe first few flips. 

In my opinion, Lincoln and Omaha (and surrounding suburbs) are going to be the best markets for the short and long term for a variety of reasons. 

It's as if he's looked at where things are going, looked at the forums, and magically stumbled upon his own organic opinion.

It shouldn’t take a fact in my opinion until both sign it because I’m not going to sign it until they do.

I would appreciate anyone’s comments on this type strategy good or bad and your opinion of these indexes.  

The average price per land for urban infill going 6-12 stories high on a higher density product is about 5 million an acre up to about 25 million an acre. downtown market premiums I've seen at the highest are 1200 a sq ft. in columbus you can get land about 1.5 million per acre downtown at best price, sells for about 600 a sq ft max, very little competition compared to miami. tampa I didn't really look at too much because miami has 22 zip codes that you can build at least 6 or 8 stories on and just a much better landscape than other markets. tampa is a little bit bigger than columbus but in my opinion more of a suburban market. miami is landlocked and very limited so everything is in redevelopment. both are amazing opportunities but the barrier to entry is much higher in Miami with the smallest plots of land infill going for at least 1.5 million I would say in areas like Wynwood Norte, Wynwood, etc. we looked all over but prefer east of 95 due to the condominium opportunities. multifamily is very strong in both markets but the condo premiums make it almost silly not to do one from the start and the use of deposits versus a single asset lease up and disposition is a longer sales cycle than the condo buildings being sold out prior to completion.

You could pay a broker to do a Broker Price Opinion, but that may not help you much. 

When I was 10 or 11, I turned down a McDonalds Ice Cream from my parents because I wanted them to save that $1.

I have read extensively on this site about coin op vs non coin op and the opinions are decidedly mixed.