I grew up in RI but moved to Boston for college and have been in the Boston area for 15 years.

Since you want to aggressively invest in the near future, you will need cash and the 30 year option is the right one for you.

Is it smart to take out a 40 year loan to get some cash flow?  

From that deal we bought our next and first fix and flip property the following year.

But here are ways to reduce capital gains taxes:Deduct expenses (renovation, selling costs) in 2024 to offset gains.Hold for 1+ year to qualify for lower long-term capital gains tax rates.Invest in a Qualified Opportunity Fund (QOF) to defer taxes.Use tax-loss harvesting to offset gains with investment losses.Pushing 2024 deductions to 2025 won’t help much with 2024 capital gains.

Bought undervalued (market value of 265k); refinanced about 1 year later to contribute to next property purchase.

Warning:If you depreciate a property down near zero and then have to sell your property at a loss during a situation of distress...You could end up giving all the proceeds to the bank AND owe the IRS a big chunk of money for recapture.Long-term tax planning with real estate needs to be coupled with risk management and making sure you don't lose any properties.

This month I will be setting up the Mexican corporation to be able to place offers and purchase real estate. 

For example, the turnover rate on Realtors is like 88% a year or something like that.

I'd love to learn more about what's going on here.