However it would not be something clear-cut, so it comes with risks, restrictions, and it certainly requires a much deeper conversation than we can entertain on this forum. 

In 2024 both houses pass the text for Cap Gain exclusion.

If such is the case, I'd walk away and continue the hunt elsewhere.If they will allow access, you may find that renovation was started but no permits were pulled and no inspections passed.

Regarding profit from the flip, I am pretty sure it passes through your LLC and you report it on your taxes as earned income. 

I am going to pass along onera-group.com with my team...thanks for the share.

Chances are if you can pass/answer all of those, you will be in good shape.

As for your partner, they need to also have passed the "use test" of 24 months out of 5 years above.

Obviously there is a lot to discuss on this topic, but for a very quick glance, here are a few pro's and con's to consider when thinking about section 8 rentals:Pros:Guaranteed Rent Payments -> The government pays a significant portion (if not all) of the rent directly to the landlord, providing a reliable and steady income stream.High Demand -> There is often a high demand for Section 8 housing, reducing the risk of long vacancy periods.Cons:Inspection and Compliance -> The property must pass an initial inspection and comply with health and safety standards set by the local housing authority.

Quote from @Geoffrey Paugam: The numbers look too good in Ohio to pass up!

Please note that the link to the article above was written in 2019 and as such, does NOT take into account the new laws passed in CA, i.e.