Long time listener first time caller.

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.

(Why not just rent as furnished long term at this point?) 

All good, he got the job and started on May, 10, 2018.To make a long story short. 

How long does it take to screen a tenant and find a qualified one for LTR?

Once the renovations are complete, you could either refinance it into a long-term loan or list it for sale.Happy to answer any further questions!

While California has long been a real estate powerhouse, Florida offers a compelling alternative with its own unique set of advantages.Let's spark some conversation!

It could take years of sacrifice and saving to get into this game and most people don't want to wait that long.  

We have considered long-distance real estate too so we can consider other markets too. 

The standard process is already long enough, add on the scope of things and that's some significant time.