If your intent in buying a piece of property is primarily to resell it then you can't 1031 and you pay ordinary income tax which probably included SE tax and Obama care tax - could be as much a 40% of his profit.The best way to use 1031s is to think of them as your portfolio builder.  

Although it is not a "real estate book" per se, I really like Eric Reis' The Lean Startup.

Hello All, I am a transplanted VA member now settled in South County RI and working in SE CT.

Hi Everyone,My brother and I are currently looking into our first house hack on a 3-4plex unit in Southeastern MA (Bristol County). We currently have a mortgage broker we are speaking with but I feel its important to ...

If it helps, I am in the metro Detroit area and looking to invest in SE Oakland county.I am starting to think my options are a private investor (hard finding reputable companies to loan for my first flip) or a hard money lender.Any advice on how I should proceed to secure finances would be greatly appreciated

You want cashflow and a good chance of appreciation, try far SE or parts of Beaverton, though I'm not familiar with the west side personally. 

It doesn't have a template business plan per se but the book itself is really like a roadmap to creating your own house flipping business and I would definitely recommend it if you plan to a) build a business plan and then b) execute on it.My personal advice...really learn and understand your financials and all the numbers involved with each phase of the flip.Best of luck!

Not a problem per se, but something to understand so you can buy at the right price and build that into your expense profile.

SE?

I stay away from the SE side but I do have one on Americus SE that is a solid property.