More times than not any wholesale deal you do will have lots of hidden fees attached to it, namely picking up all the transfer taxes so depending on the county you could get hit very hard. 

Almost every action taken in the economy is taxed and the faster the economy chugs forward the more taxes they collect.

Property Taxes Will Likely Increase After Purchase•If the current owner has a homestead exemption, their tax valuation is capped.

One thing you will want to explore is the tax rate in the specific counties you are looking in.

I've also avoided paying Capital Gains Tax on selling my crypto. 

@John SleggStarting with flipping in real estate might not be good idea in HCOL area where everything is expensive and you pay lot of taxes.

.💬 Ask in the right forum – If you’re looking for financial advice, head over to the Finance, Tax, and Legal forum.

Additionally, strong tax planning is essential, as your W2 income limits your ability to deduct passive losses.

and also like what I do Utilize as STRs: You furnish and list these properties as short-term rentals (STRs) on platforms like Booking.com or Airbnb.Generate Cash Flow: The higher rental income from STRs, compared to long-term rentals, allows you to cover your mortgage/lease payments, generate positive cash flow, and potentially have funds left over for further investments.Positive Cash Flow: STRs often generate higher rental income than long-term rentals, allowing you to cover your costs and potentially profit.Tax Advantages: You can often deduct expenses related to your STR business, such as mortgage interest, property taxes, and maintenance costs.

Instead though, I don't want to sell it but use the refinance money to buy more, I've been thinking about buying back taxed houses in the area.