In short, this market has a huge barrier of entry and it is capital or very strong borrowing power and usually both.There are lenders who will lend to a no exp investor, but not some 500k Long Island property that needs 200k in work and will resell for 1.2 Million. 

Most bidders on there don't have an interest in a quick flip, they typically plan on fixing up and holding or re-selling.

I still think this is going to lead to savvy agents just buying a lot of the investor homes and doing trash outs and light fixs then reselling so in essence they will be buying their own listings.. going to put a real pinch on flippers and investors once the light bulb goes off. 

The appreciation is definitely a big aspect of it, its surrounded by moderate density projects that have just been rezoned and its in a zoning node.I also believe I got it below market value enough that I could resell it and make a profit instantly, so that played a part in the investment for me

I moved from Florida to start investing in Columbus due to this same reason.https://www.zillow.com/learn/hottest-housing-markets-2024/ I've considered Ohio, heard Cleveland was strong but not clear if for just rentals or true flip meaning rehab and resell.

Fix n flips and new construction where your intent is primarily to resell do not qualify for 1031 treatment.There is no statutory holding period although most folks feel that anything more than a year is perfectly fine. 

My team and I purchase raw land, entitle, add-value, and subdivide lots for residential projects to resell to national home builders or other developers. 

I would use my cash to purchase multiple units for the same price, fix them up, and resell.

The most common beginner-friendly strategies include buy-and-hold (acquiring properties to rent out), fix-and-flip (renovating and reselling), and house hacking (living in a multi-unit property and renting out other units).

They’ll believe you had an obligation to obtain the higher, resell price for them as per a licensee.