The fact that you have referred to it as a Flip in writing doesn't aid you in proving that intent.There's no hard and fast rule, but the general consensus is that you need to have held the prop for 12-18 months in order for the IRS to feel ok about your intention to hold the prop as a rental long-term.

They can absolutely provide free legal aide.

Account Closed  EXACLY if you have no training and education in the development field your first project could be your last... its a very very risky enterprise...

While I was there, I learned about BP from another skeptic unwilling to drink the 25k kool-aid, learned I have what it takes to put the work in to get started in the business and that the best way to succeed in REI is to learn learn learn.  

The Rochester area is a great place to start in Real Estate Investing, and Bigger Pockets is a great wealth of knowledge as well as a huge networking resource to aid in those goals!

It's full of great info that will aid you in creating a solid foundation of REI knowledge.

Hi Tec4,I think you've come across a great resource for aiding you in your new venture.

Seems to be full all the time with nurses and therapists and legislative aids...oh my...

I believe that these funding sources put restraints on who can be tenants but unsure of other pitfalls.We are also looking into multiple sources to cover housing/historic/low-income community/small business/micro-enterprise/rural area/anything else to off set some costs.

@Justin Wheeler  It's not uncommon for non-profit aid agencies to require proof of a tenant's dire situation by seeing the Pay or Vacate Notice.