Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.

This is a large community and someone might give you some insights on the lender or the loan officer.  

Starting out rules of thumb for newbiesThanks for your insights.

This is insightful.

Building a portfolio allows you to gain experience, develop systems, develop your own approach to managing properties etc.

He could provide you with some good insight in and around the area!

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

Any tips or insights would be greatly appreciated!

Appreciate any insight!

As you gain more experience in market you will be able to get higher leverage 85% LTC, 90% LTC, 93% LTC, etc