@Josh Hyman it gives an excellent job in giving all the foundations/components (he calls it four boxes) of how a flipping business works, what to look out for, what he does in his own successful business in his own local market. he also says that every market is different and you need to know your market really well and tweak it to your needs. if you have already know what flipping is all about, or read a few books about it, this might not provide any more value.

One strategy is referred to as "equity exchanging,"  which does not involve a tax-deferred strategy/component, and the other strategy is a 1031 Exchange, which is all about deferring the payment of the taxes. 

So, you might be left with $67K for purchase plus rehab, not $80K as in your example.  3) Rehab is an essential component.  

Having said that, if these red flags exist and you read your report and are getting these basic "ID Validation" components, you will know it.

There are so many components to it. 

If it is a HML the payments are likely IO, but there will still be a payment component. 

Are you looking to purchase a deal with a value add component? 

In California for actual programs there is a component requiring counseling, therefore; if funding gets reduced the same things have to be provided, but with a lot less money.

For example, Shoreline has an affordable housing component, as well as various setback requirements, and other development standards to follow. 

Folks buying SFR think buying a strip mall, appartment building, mobile home park is a buying the components task.