@Sandeep K MamidiTo flip properties effectively, use market knowledge, research local trends, and innovative financing options like private money loans, partnerships, and syndicatation.

Private money lending.

Quote from @George Goldstein: You know how when you buy a used car from a private seller you tell the seller to say he sold it for $3000 instead of $18000 so your dmv tax is lower?

My STR is in a city where it is legal in private but not in public.

The biggest trade off I have heard from someone (also not a CPA/tax advisor) that qualifies as REPS is upon sale, you no longer have long term capital gains, but rather active income.  

I financed this deal using a combination of cash and a private lender.

The biggest ways IMO are MLS data, multiple solutions for sellers (off market cash deal or listing), ability to rep. yourself on your own deals (saving on commission).Commission savings adds up fast when you're doing multiple deals a year.That being said, there is cost to having a license so if you're only doing a couple deals a year then it might not make as much sense.

I think you're right, the lack of control is probably going to be your biggest emotional hurdle.There may be some middle ground that softens that blow up. 

I think your biggest asset is the 2.25% rate and the 2019 CA property tax basis.

With private patio and great Williamson County SchoolsWhat made you interested in investing in this type of deal?