@Darsh Patel This is all federal...its basically the same everywhere.

It is also my first Baltimore property and I highly recommend Kevin Hodge from The Federal Savings Bank.

A tax known as UBTI with federal rates of 37% may apply if this type of transaction is done with any frequency.I would encourage you to look into crowdfunds or private lending from the IRA, as those are most suitable for your situation / capital amount. 

As for your financing, the federally-insured programs (Fannie/Freddie/FHA/VA) are 9 times out of 10 going to give you the best rates and terms. 

It was through Navy Federal.

If I flip a property in Virginia in less than a year I know that I will have to pay capital gains tax on the federal and income tax for the state.

I’m specifically concerned about the following:1) Compliance with state/federal regulation of investment advisers.

(possible everyone else knows about this but was new to me)   NASA Federal credit union has some interesting. 

Always.Unless it is interest from state and municipal bonds, which are not taxed by the federal government.Or interest from EE bonds used for education.Or...

In this case, if the gain after exclusion is about $700,000, and assuming the sale pushes them into the top tax bracket (federal and state), or roughly 33% cap gains tax, the a MIS would save the seller about $118,000 in capital gains tax (deferred for 30 years).