I have done it successfully on my last 2 buildouts, maybe 3, but only because I was able to acquire the properties at a very low price and I did all the work in-house (myself and some hired hands on staff).

I used the funds to acquire real estate that appreciated signficantly.

I realize that I will need a W2 to make get a mortgage, so I was considering picking up a couple of part time, flexible jobs in order to hopefully acquire a new property as an STR.

@Joel Oh- if you are using a loan to acquire the property - the lender  requires  insurance ....if you own the property  free and  clear - your  choice  but I would still  recommend  insurance 

It seems that often when companies acquire large books of business in one shot there are growing pains and unfortunately those are felt at the client level.

What type of properties are you looking to acquire for your fix/flips?

Keep in mind that the same entity (in this case, your LLC) that holds title to the relinquished property must also acquire the replacement property to maintain the tax-deferred status of the exchange.Additionally, don't forget about depreciation recapture.

Instead, they bought homes and lost money, then acquired Open Door and lost money.

With the extra cash flow, you could strive to acquire additional income-producing properties over time.

If you use BP more, you will be able to acquire more real estate connections and therefore, more real estate?