We did live in the house for 2 of the last 5 years, so we wouldn't have to pay capital gains tax.

My goal for right now is to gain some funds through wholesaling properties and then eventually obtaining a couple rentals in the next few years.

Not sure why tax rate matters when net passive earnings is the more important figure.

BRRRR:Flip: Yields a potential profit of $55-60k after capital gains, assuming rehab stays within budget.

ROI and financial gain are truly the best catalysts for solving big problems like housing affordability and availability.

If you prefer passive style, house hack or out of state rental makes sense. 

I can use past losses to offset current year capital gains but I can not use them to offset income in 2024.

Generally, all passive income in an IRA would be sheltered from taxes, however if you are using leverage then portion of the income derived from the financed portion of the property would be subject to Unrelated Business Income Tax (or UBIT).

You are creating a syndication, where you are providing all the work, while your investors are passive.

I aim to create a steady stream of passive income and achieve long-term financial stability.