Especially those big deals with loads of equity and loans, they can take forever to close.

I am using a conventional FHA loan to acquire the property.

I am using a dscr loan. what I cant understand, is why are my closing costs so high. above is the numbers on the refi.

"A second question is if I finance the car purchase can I also deduct the business use portion of the interest charged on the loan?"

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.

These markets often have strong population and job growth and strong rental demand.But the reality is that even in more affordable markets like Columbus, you'll need about $50k-60k household income just to qualify for a conventional investment property loan (this assumes good credit and reasonable debt).

I just did this with a 4/3 new build out in Cape Coral and a construction to perm loan through the bank.

I would talk to some lenders  getting land loans and development loans with no experience is next to impossible starting out.. 

Depending on your loan it might only work in the STR game.HOA’s normally do not allow in the Oceanside area but if you get on the beach then they do with restrictions.If you want a personal consult let me know.I have a team here in Oceanside, Carlsbad.