While I can't speak to investing in Austin and Peoria due to my lack of experience in those areas, I can definitely vouch for Cleveland as a fantastic option, especially if you're seeking cash flow properties.

The lack of income verification and the deposit payment issue are also red flags.

see Facebook group:Norada Capital Default Notice:If you are one of the investors, please see Facebook page with agencies and links to file complaints !

I thought the seller and buyers broker split the commission.It is a new way of framing the agency relationship as of 1/1/24 due to the changes happening nationwide.In practice, most sellers are still paying buyer agent commissions as it is a good business decision to do so. 

You can get a roommate on your side if you want but when the time comes that your tired of having a roommate you can easily not renew and not take a big hit with lack of income since it is only one room or so that you are eliminating.

Whenever I've stayed at hotels/motels, I find the tv options severely lacking and not worth watching. 

And even more so after I'm hearing about the work culture, or lack thereof,  in the area...

They dive deeper into niche services by providing in-depth analysis from a high-level and experienced point of view.I see your biggest obstacles as a lack of experience and background as investors and the perception that these are services your wife should already be offering as the licensed agent.Given those obstacles, what differentiates your service? 

Here’s a summary based on the responses:Tax Rates and Holding Period:For flips (properties bought, rehabbed, and sold quickly), profits are taxed as ordinary income, not capital gains.The holding period is calculated from the purchase date to the sale date.1031 Exchange:1031 exchanges apply only to properties held for investment, not quick flips.If intending to use a 1031 exchange, I must reinvest the proceeds into a like-kind property within 180 days.Holding a property for less than a year may disqualify it from 1031 eligibility due to lack of demonstrated investment intent.Thanks again for all the helpful advice!

This had to do with lack of communication between Lender and borrower.