Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.

With that said I am looking to do minimal work to renovate the home such as painting and adding new appliances.

Its free and clear so the expenses will be minimal to hold it for a few years.

Not necessarily turnkey but should need minimal repairs if at all

Focus on building a strong local team, researching neighborhoods thoroughly, and considering turnkey properties if you're new to minimize risks.Good luck!

One challenge was coordinating rehab work within tight timelines to minimize holding costs, but we navigated it by hiring a reliable contractor.

If you plan to use cash to finance your acquisition and rehab expenses, this will help minimize risk exposure to a certain degree.

Ok, that could be as minimal as literally hours per year, like <10 per property.

I want to refi and pull some of that equity out ($200-$250k) so I can keep growing my portfolio but I'm not sure how to approach it as it would obliterate the cash flow I currently have, and in the current market I won't be able to make up for it with additional properties as they would also have minimal cash flow.

But I think one of the best ways to use an IRA to buy real estate while minimizing fees is to partner with others so that you don't need any loan at all. another way I'm considering using my IRA for smaller initial investments is to invest in syndications like spark rental, where you can invest as little as $5,000 for each transaction.