You could really maximize your return if you have around 3 flips going on at the same time, and with 200k cash it is very doable! 

Aside from doing our taxes, we need someone to tell us how we should be setting things up during the year to maximize our deductions etc.  

3. are you most concerned about maximizing your cash flow or are you also wanting to concentrate on getting decent appreciation as well?

Definitely don't want an audit but still want to maximize benefits.Thanks for the input.

I would expand the basement and maximize the property so that you can turn it into a cash flow positive asset and refinance it into a conventional loan and then re use the FHA.

Live in the smallest/crappiest unit to maximize your return.

I was just in a big East coast city last week were I would say on price points under about 100k that wholesalers dominate the transactions  Now my program allows said wholesaler to close on the house and not flip the contract so they can maximize their return since its so competitive in these markets. 

What is the best approach to maximize future cash flow while minimizing income taxes.Where Is the Best Place to Invest?

In addition, that 30 year product has an interest only option in the first 10 years to maximize cash flow.

I find that most tax advice I read tends toward maximizing depreciation in the short term, perhaps generally assuming that the reader is in the highest tax bracket and will be for the foreseeable future, so the time value of the money is the biggest consideration.