@Malieka HenryMid-term rentals (MTRs) have generated a lot of interest lately.

Here is what you NEED to become succesful:You need to know how to generate motivated seller leads...

One of the more creative ideas I have come across that I am going to be implementing is splitting cost of advertising/lead generation with realtor partners. 

Do you have a current need for that cash flow generated from the tax savings?

When using a 1031 exchange, the replacement property must be used for investment or business purposes, so even if it doesn’t generate income immediately, it’s important to show that you intend to rent it out.

Working with our Rockstar agent, Bill Beck, we identified an excellent lakeside investment property near Silver Dollar City and other key Branson attractions that should (eventually) generate a 50% COC return (we have a lot of learning to do - so I'm not banking on that high of a return in the first few years).

Ex (random numbers pulled out of thin air)$100k purchase $160k ARV$30k reno but $20k at cost$15k holding costsTotal Cost:$145k cost or $135k with contractorWith the contractor at cost, I have an extra $10k of margin where I don't lose money, but obviously not ideal for the contractor since they would make less.I think a good way to price it would be the equity would equal your profit if you did a fee construction at slightly below the projected ARV, and slightly below the projected hold time.

A couple of other sources that could generate flips are expired, withdrawn and canceled listings. 

Into yourself, learn a skill and use that to increase your income & generate more cash to really invest.

What's your take on buying in a good neighborhood out of state within our budget and ensuring that we break even or generate minimal cash flow?