In addition, somebody else is paying off your mortgage and the property can be a good tax write-off (consult with a professional).

We have not experienced any rent decline and rents are continuing to increase.

You say you are new to flipping so maybe consider teaming up with someone more experienced for your first flip to increase your success rate?  

Readers should seek professional advice.

Join online communities like Facebook Groups and BiggerPockets Forums to engage with experienced investors.

For example, they lost a fairly major battle when they tried to argue that only licensed professional can manage short term rental properties. 

Consulting with a tax professional can help clarify how and when to maximize tax benefits based on your plan.

I’m motivated to bring the same dedication to real estate.I’d love to connect with others who started small and scaled their portfolios or anyone experienced in land flipping, wholesaling, or creative financing strategies.

This is what can go wrong when you have beginners wholesaling who have no training in real estate, no experienced managing broker to go to for advice, no license, no E&O insurance, no knowledge of how to avoid scams, no regulatory body to answer to, no relationships with other quality people in the industry like title companies, lenders, contractors that they can refer to help people, etc. 

Readers should seek professional advice.