If he kept the house, then your statement would be correct, because there is no immediate taxation of insurance payout.

My initial idea was to find a house in the &150k-$200k range and flip it for $300k-&350k.

My name is Wes and I live about an hour north of Toronto, Ontario, Canada.Looking to get into real-estate investing with long term rentals, BRRR, and House hacking.Currently looking to also find other other local people to chat to about real-estate and how to get started in our currently price inflated Ontario market.Let me know if you're in my area!!

Not trying to scare you, but a lot of lawsuits happen because the landlord doesn't follow fair housing laws, or simply neglects repairs etc.

I’m on the deed, not the loan for the current house I live in here in GA. 

Poor or No Communication PlatformsEffective co-living communication platforms are characterized by:1) usability2) accessibility3) commitment of involvementThis can be done through house email lists, whiteboard, group texts, etc.

I love investing and developing myself, but I do not have enough experience, and this is what makes me hesitant to enter this field.So I want to ask you, what are the ways that will make me start investing in real estate or long-term housing?

By this time, I realized Chris was wholesaling the house to me (unlike the other houses on the tour) and charging me to manage the project.

Quote from @Alan Mills: Yes, I would agree with Chris and Bill, but if you have an option to get around this by putting it inside the house?

My plan was to purchase a lot and build a foundation, bring in a doublewide/manufactured house. have it placed on foundation and have a structural engineer reclassify it as fixed real estate. then, I would refinance.