Don't rush through this phase of investing, it's probably the most important one.

I am currently in the research phase of learning about what investment types I want and do not want to be stuck in this phase of analysis paralysis.

If total startup costs are over $50k, the deductible amount phases out dollar for dollar.You seem to be having difficultly conceptualizing how one explains to the IRS a non-zero beginning tax capital account on the first return filed or a beginning tax capital account on the return that doesn't match the most recently filed return with an interim period of no filing obligations between the two. 

This is a Q that should have been asked early in the due diligence phase so you can have a scope of work drafted, that meets or beats your competition and know that your numbers will work. 

but I think showing the construction phase isn’t necessarily worth your time

Don’t let your equity sit idle while you’re in acquisition phase- velocity of money concept.

Moving into the next phase of trying to locate investors investor realtors, and local BP members in that market to reach out too and assist with locating properties we can add value to for rehabs and or buy and holds.

What in particular is hanging you up during the research phase putting you into " Analysis Paralysis".Research is important and is a step that needs to be given its due time. 

@Eric Crockett wow, that’s quite a story, thank you for sharing all that.I definitely think that if your price point is 250K you’d be looking more south toward RI than north toward Boston.I would be reluctant to recommend short term flips in this phase of the market if you’re still just starting out (even with your one success under your belt - congratulations btw :).If it were me in your position I’d continue with rental real estate, maybe with a slight value add component (i.e., needs a little work but not a ton).It wasn’t clear if you were asking if you should buy all cash or not, but with rates at new historic lows I’d use mortgage leverage for sure, though again taking the market phase into account, maybe not aggressively (e.g., 97% LTV) unless you’re overall financial picture can support it.I’d definitely say do traditional bank financing with low fixed rates if you can (again, this points to more long term holds than flips), instead of hard or high-rate private money.And as far as partners, the old saying is that a partnership is like a marriage - a lot easier to get into than get out of.

Once the initial phase of panic wears off, they will be in plentiful supply.