We live in NY which makes things more expensive for nearly everything and I'd imagine the pattern holds for health ins.

A wholesaler's pattern of executing contracts that never close in their name can be found through all of the closing agents in an area.

Appraising for (only) $275k, a year after you paid $235k, is not particularly helping your BRRRR refinancing procedure.And barely grossing 1% return per month once you move may not be optimum when, as well as all the property's ongoing expenses, you're still close to being 100% leveraged on it.Your moving patterns are up to you, but I strongly recommend that for your next Buy, find a proper bargain to begin with, where also the numbers still work despite perhaps higher than ideal interest."

I would be worried about having 5 vacant homes in holding patterns.

To this point I have followed this typical pattern of getting my deals closed once I have a seller:1.

They talk a lot about interstate development patterns and it makes for an interesting read.

@John Van Uytven do you have a preferred way to get data on job growth, schools and population patterns?

If you make decisions, or if you predetermine future events based on the way they "sound", you are going to miss out on a lot of great opportunities.If the first time anyone heard any of the following statements:1 - I can build a set of monkey bars, out of wood, wire and cloth, and it will allow me to fly,2 - I'm going to take a bunch of "1's" and "0's", string them together in different patterns, and it will allow me to think about anything faster than the speed of light.3 - I'm going to eat a white oddly shaped ball, that came out of a chicken's....and it will taste great.4 - I'm going to collect and drink a whitish liquid that a cow had sprayed on the ground, and it will taste great....the words, "it sounds too good to be true" were overheard, and none of the above were done because everyone that heard those words believed them, we may never have the use of a computer, and airplane, and would not have been able to eat breakfast when hungry.Money doesn't make a noise, so money decisions shouldn't be based on what you hear...but by what you see.Credit cards work, if you are disciplined enough to work fast enough to pay them off before the interest kicks in.  

If your intent is primarily to resell (that includes most fix n flippers) then you are classified as a dealer and your real estate is classified as inventory so not eligible for 1031 and always taxed at ordinary income.Intent isn't defined by only one thing but by a broad spectrum that includes past activity, holding time, actual use of the property, supporting documentation etc.My guess is that your guru likes to flip, has a pattern of flipping, and bought that house primarily to resell after fixing.  

And yeah....you need to talk to a securities attorney about your exact fact pattern.