Depending on the severity of smoke damage and structural issues, it could be a huge challenge for first time flip.

Hey @Delroy Watson - We've done similar projects, and they are exciting and challenging. 

Challenges?

Blanket notes are not de-duplicated currently when they are recorded against multiple parcels.Blanket notes are detected, but aggregating them is currently a challenge that has not been solved to our satisfaction.

Challenges?

Your case is indeed a challenging one, especially when traditional lenders are hesitant. 

@Ngozi Iwunze If you flip a house and buy a triplex, avoiding capital gains tax is challenging since flips are taxed as ordinary income.

Data point: we have a long-term rental in a popular STR neighborhood listed through Zillow right now.Every person who writes asking to do some sort of arbitrage is blocked by the Zillow platform.I don't even have to say "no thank you anymore."  

When it comes to the STR game, differentiation is critical, and that can be challenging with a 550 square foot oceanfront condo. 

Challenges?