@Deirdre Lizio thanks for the tips on foreign taxation, however that should not be an issue for us as we are not actually planning to stay in one place but rather be digital nomads.

Key things to agree to The interest rateamortizing or interest only loanLength of loanLength of amortization (does not have to be the same as length of loan if there is a balloon payment)When are payments due; monthly, quarterly, annually at the end of the loan etc.Are there any upfront points to be paid and other misc terms like late fees.Then have an attoney create a Note and a Mortgage (or deed of trust depensing on the state)

@Michael CsrnkoI recommend finding an accountant who specializes in real estate taxation and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

From Google AI:In the first quarter of 2024, Memphis, Tennessee had a 14.6% house flipping rate, which was one of the highest among metro areas with a population of more than 1 million.

I just set up my solo 401k under uDirectIRA, and the LLC that will be 100% owned by the 401k, and ready to buy real estate using the LLC.My question is regarding taxation. 

Purchase price: $33,000 Cash invested: $6,000 3/2 on a quarter-acre lot in a rural setting.

I am looking to get 2-5 deals a quarter (for own fix and flips) and possibly wholesale  a few.

As we move deeper into the third quarter, it will be interesting to see how these trends evolve and whether the strong demand can sustain the positive momentum in rent growth across the country.

I receive some very thorough quarterly newsletters but that's it (I did ask if we could have quarterly online calls like some other Sponsors and I was informed this would be taken under consideration).    

@Selina GiarlaI recommend finding an accountant who specializes in real estate taxation, business taxation, tax planning and financial planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.