Flip is another word that people use to mean sell but after it was held as a long-term investment.The intent is important here as it will determine whether the sale will be eligible for a 1031 exchange or if the gain can be eligible for capital gain treatment.Best of luck.

It could work, but we do not have enough information to determine that. 

This may include exploring options such as negotiating a mutual agreement to terminate the lease or determining if there are any lease terms or local laws that might allow for termination.

We did carefully weigh our options and we determined this was the best one, despite knowing that we'd have to pay a small amount of capital gains tax.

I need to look more into the tiers to determine some good areas.

My top tip is to first determine which strategy you want to pursue.

Hey @Octavio SanchezAs mentioned, getting started can be overwhelming so definitely take your time to research and determine your real estate goals.

Hi Michael,I like your thoughts of building a large portfolio because it's very important in sub $100,000 markets like Ohio.A large portfolio = A safe portfolio.Personally, I've always been a big believer in buying with cash.Less is more.Once you gain experience and understanding the true income vs expenses of your portfolio.Then look at using leverage for faster growth.It takes many years to learn a market along with establishing a solid understanding of it's "in's and out's" from a people/team perspective.As investors we should always reverse engineer and protect the bottom line first and foremost before looking toward expansion and growth.My "cash only" mentality has served me well over the years in my businesses and real estate endeavors.Especially when things turned South and they always eventually do.Start slow, start small, buy with cash and build from there.Just my opinion and wishing you much successps.

However, it's important to do some more research to determine your goals and identify the asset class that appeals to you the most.

Get rid of the short term mentality that is the cornerstone of wholesale approaches too.