And of course the distressed properties are what you will typically be looking for as a rehabber.Finance 90-100% of the purchase and rehab, increasing ROI through greater leverage, and/or enabling multiple deals at once.

This is part of why I chose a lower LTV was to keep positive cash flow while still enabling me to pull out 19k to keep as reserves for the property which has proven especially important with the onset of the COVID-19 pandemic.Doing this project from out of state presented a lot of challenges for me and I relied heavily on the contractors and my PM to provide me with updates, pictures, lots of phone conversations, and a great deal of learning for how to navigate a long-distance rehab.

Technology advancements such as email, phone calls, skype has enabled communication with a remote CPA to be seamless.

Technology advancements such as email, phone calls, skype has enabled communication with a remote CPA to be seamless.

My CPA said the way to do this is to form a C-corp that is registered in the state of OH, get a 21% tax on profits, then only have the CA qualified LLC send/receive money to the C-corp via low interest loans.I am looking for the best entity structure to enable me to do the flips protected and having best tax benefits without having to pay CA twice.Thanks,Paul

I talked cash flow specifically because cash flow enables quitting jobs, qualifying for Fannie Mae backed mortgages and such.  

I am hoping that my joining the Biggerpockets community will enable me to create the marketing and investing network I will need for my business to succeed. 

This enables you to defer the payment of your ordinary income, capital gain, depreciation recapture and/or Medicare Surcharge (“Obamacare”) income tax liabilities.There are important timelines and rules you must follow in order to successfully complete a 1031 Exchange.  

Here are the stats:Current payment and rate: $1,807.23 w/4.75% rate 30 years at 4.25%: Savings of $230 monthly with MI 15 years at 3.5%: $1,868.83 (w/MI)15 years at 3.625%: $1,821.84 (w/MI financed)We can comfortably pay our current mortgage amount as well as the 15 year options, though part of our reason for refinancing is to enable us to eventually move and rent out this property (better cash flow), however now I'm considering is there more benefit in doing a 15 year and building more equity that can later be used to do a cash out refi or HELOC?

If you have started saving you can start to look at buying once you have around 5% of the purchase price.If you have between 5% and 20% of the purchase price, you may need to pay what’s called Lenders Mortgage Insurance, which enables us to lend you a larger percentage of the purchase price.