Hey @Sawyer Dina, I enjoyed reading about your REI journey.

A flip, ordinary income tax plus as/med. 

I prefer not to rent to undergrads but grad/med students and hospital/lab/pharma employees make amazing tenants.

You need to sit down with a cpa.Flips are not eligible for a 1031, which is only for investment property held for long term.Flips don’t result in cap gains tax, the profit is taxed as ordinary income added to your other income, plus self employment ss/med tax.  

I build new construction MFH and rent to meds, eds and young professionals/hospital staff near the hospitals in U.

I own a restaurant or should I say the restaurant owns me ? :-D

The goal for me is to buy small-med size multi family properties but they are in higher price ranges $200k+ I would like to use his funds for down payments and/or rehab funds to buy these bigger deals. 

@Austin Jones @Randy Galliani @Todd Pultz There are no cap gains tax on a “flip”....any profits are taxed as ordinary income, plus 15.3% soc/med.

I am lucky, I have a respiratory disorder and advanced experience with such and access to every and any med imaginable, and we threw a lot at it.

I'm in SC and travel to the Houston med center one week a month for work.