I'd just like to say, great job in getting a prospective tenant in your view.

I'm an agent/investor from Raleigh, NC, and love the idea of investing here, as well.We're staying right off Westland Dr near Lyons View Pike, so I've been able to drive around some of the higher-end listings. 

If I can't view or get my buyers in there past 10 days, it's not a deal I will be able to sell anyway.

I have read similar views on this method of Real Estate Investing.

Your map view should give you a real good idea of the areas you should be targeting and the types of houses they're buying.

The first was a primary residence turned investment when I moved out and rented it so this feels like my first intentional investment.I am looking at duplexes and triplexes in the Philadelphia area [I'm from a suburb of Philly] and have been going right to the listing agents to schedule appointments to view properties since scheduling is a challenge with most of the properties fully occupied.

The difference between what they sell and buy is viewed as taxable.  

You will need to travel occasionally to view your property, all costs and more costs.3.

Mine had "Breathtaking views of the water" in the listing

When you sell a rental property at some point in the future (at least a year out), this is not viewed as a flip transaction, but rather just a reallocation of the IRA from holding passive real estate to holding cash.Your example of buy, fix, rent for 3 months, then sell would likely be viewed as a flip, especially if you repeated this pattern with multiple properties.The IRS does not define a "flip" in clear terms, but has a full set of measures they would apply to real estate transactions to determine whether something is a passive investment or a trade or business activity similar to competing commercial enterprises.