We basically want property to generate some cash flow and long term appreciation.

Hi everyone,I’m seeking advice on a property for a family friend who’s considering selling it to reinvest in opportunities that generate better cash flow.

Hey Mark,I’d also recommend considering DataFlik for deal sourcing and lead generation.

I've started flipping houses in the HRM (currently flipping a house in Fairview that was purchased off market) and plan to focus on flipping to generate cash flow for the next while. 

The pay stubs can be hard copies or digital PDFs generated directly by your employer and sent via email; we cannot accept screen captures to verify income.Once your completed application materials have been received and it appears that you would meet our qualifying criteria, we would send you a link to perform a credit/criminal background check (this minor expense would be yours), and if those results come back acceptable, we would offer to proceed.

Here are a couple of developers you should take a look at Trion Properties, their principal Max Sharkansky posts here on BP, https://www.biggerpockets.com/blog/top-5-markets-multifamily-rentals-2019and Feldman Equities out of Tampa (3rd generation real estate family famous for having built the terminals at Chicago O'Hare) who are among the only ones opening up downtown skyrise office buildings to accredited investors.

First, please do NOT think you're going to generate enough cashflow to live off of within 3-5 years. 

We are literally next to a golf course and about 10 mins from a ski place and I don't think fancier amenities would generate a ton of ROI. 

You will then use the K-1 generated to prepare your tax return. 

The goal is legitimate: due to complex tax rules, you have opportunities to game the system by selling some of your investments and intentionally generating either gains or losses.