Technically it would be best to get a C Corporate or S Corp. to flip properties and since you are considered a dealer if you do several properties a year and this could have negative tax consequences in an LLC.

or investing in CA.finally - here's some more context on how challenging things can be.https://www.biggerpockets.com/forums/963/topics/1195280-expe...https://www.biggerpockets.com/forums/48/topics/1160450-run-i...https://www.biggerpockets.com/forums/48/topics/1137397-balti...https://www.biggerpockets.com/forums/52/topics/1010977-12-00...hope this helps. 

Curious, what’s been the biggest challenge for you in trying to BRRRR a 10-30 unit property?

I’d love to hear from you about any questions, concerns, or challenges you’ve encountered (or anticipate) when considering property investments in Mexico.

You can use that scenario as a learning experience when you may or may not encounter future challenges. 

The original post leaves the door open for a challenge by the IRS, so the safe harbor of holding it for investment for two full years is the safer option.  

Good Lord, given what he’s accomplished with his challenges (not just Quest, but also being a very good man), what in the heck is our excuse for doing less?

Bottom line - there have been a number of challenges in Cape Coral over the last couple of years. 

Seller number two walks away with all their cash, and seller 1 who already agreed to SF has now become a PML without the challenge of negotiating each deal with them.

Challenges?