I have a heloc on my personal home for 200,000 but ive only used 16,000 of it.

Then they make a **** load of money on them, and still collect on loans  which they never make (plus interest). 

She is also very active on BP.  

Less money on your part and you can pocket the profit between the actual rent and what you charge the others.Good Investing...

Quote from @Hillary Buckingham: I would say going on a team..

Quote from @William Hochstedler: Utah has been booming for the past decade by every metric. my kids did deposits on ski condos at Park City  NEW development and one at Brianhead and those things shot up like crazy.. they need to keep it up so they can take good care of me in my waining years.

Because flips are considered inventory (not capital assets), profits will be taxed as ordinary income rather than qualifying for long-term capital gains treatment.For tax filing:Report expenses like construction costs, permits, and interest as part of your cost of goods sold (COGS)—these won’t be deductible until the property is sold.Since no revenue is expected in 2024, your S-corp may show a loss, but that loss won’t reduce personal taxable income until the sale occurs.Each partner will receive a Schedule K-1 every year, including 2024 and beyond, as long as the S-corp remains active.Unlike an LLC, S-corp shareholders do not pay self-employment tax on their share of profits.

Also, Bigger Pockets is a great resource, and you will probably be able to find buyers on this site.

I went into escrow for a 4-unit building, but the seller backed out on me 3 days before closing escrow.

Purchase price: $40,000 Cash invested: $65,000 Purchased this 2 bedroom, 2 bath mobile home on a 2 acre lot with well and septic.