After the sale of the company, we have:9-15 months of personal expenses in savings to live off ofStart with $100k cash and do micro flips to avoid the risk of a hard money lender and losing our tail if something doesn't go right or sell quick enoughOnce the house sells, reinvest all the cash back into the next flip and continue doing this until we are doing multiple flips at a time (he can manage 4 large projects at a time by himself, so we assume up to 4 active flips at a time eventually)Pros of doing this:No longer having to manage W2 employees/operations (this used to be my role but now that we have kids I want to stay home, not do this)Getting a larger chunk of cash to start flipping quicker vs waiting 1+ years to save enough cash for the first flipUsing cash reduces our risk of losing money with a hard money lender if the project takes longer to sell, rehab, etc.

I'm not requesting a frank loyd wright design, basically, I'm looking for a modern style that we see all over the internet. 

So you’re basically saying that the money I personally put into my Roth IRA, whether from age 20 to 23 or whatever age> it can be taken out penalty-free, right?

It will familiarize you with the basic terminology and benefits.

For the basics I'm looking at a half acre of land for 150k Duplex Manu 3/2 1900 sqft per side 230KConstruction is roughly 150kThe rent minimum i would expect is 2500 per side and could probably stretch it a little because of the amount of land they would have access to.

@Josh GregoryEdgewater has some good blocks and there is certainly a lot of activity as it is basically wedged between Ohio City and Lakewood.

If latter, it would end up more expensive because if B&O taxes as well.I am wondering if anyone else here has gone thru this journey and can help with some of these basic bootstrapping questions. 

You can find guidelines for determining material participation, the rules for determining who's a real estate professional and what's active participation, and the special rules that apply to the income and losses from a passive activity held through a publicly traded partnership (PTP) in Publication 925,"Basically, rental is generally passive unless you are a real estate professional, HOWEVER, refer to pub 925 for special rules.  

I do think something is off with what the realtor was doing if she asked for 30k in advance for staging which should be done by a different company, not her, but the post is basically just pure fear from not knowing what one is doing and then trying to out someone and take no responsibility.

After we paid him our nextinstallment of $45K, he basically disappeared in July and after reaching out tohim and his wife who also works with him, we've gotten minimal contactback/excuses/delays of when the final work is going to be done.