I own two fully paid out single family homes through a 1031 exchange, my original thought process is to keep them long term since that's been what I've done in the past, however I am contemplating changing my strategy since I'm seeing a lot of movement in the local real estate market that people are flipping them within a month of their purchase on the home. 

Hi Maria, yes I do, would love to exchange information with you.

Planning, such as selling in a year with lower overall income or using a 1031 exchange, can help minimize this tax.

If you develop skills, you can also trade knowledge for cpa or bookkeeping work in exchange for your knowledge or help.

I didn't charge more for it (because it saved me time and effort of dealing with it) but in exchange if anything ever broke I wouldn't deal with it.

Both drywall and paint are very easy in theory/concept, but hard to get right if you don't have precise knowledge of the techniques.

Here's how it plays.Asking price 6.999mNegotiated sales price 6.7mNegotiated closing date Nov. 30thBuyer wants additional 60k in misc reparations i.e. mold, dry rot, termites, etcWe accept counter but want Oct 31st closing due to the timing of a 1031 exchange app.Stay tuned for the next exciting chapter after our teleconference this morning.

The typical buyer is 1031 exchange, retiree, estate planning, foreign buyer, or ultra high net worth that wants cash flow but safety so will take reduced yield for quality.We stick to strong suburban to urban locations.

Secondly, go to all meet ups in your area and make connections and see if there is a seasoned investor willing to mentor you in exchange for work.

I've seen 1031 exchanges turn over because taxpayers don't follow directions.