You mentioned W-2 income as part of a way to save on taxes. 

I’m in home remodeling sales and work about 20-25 hours per week and off weekends, so I have a ton of time on my hand waiting around for appointments. 

Id keep looking if it was not an approved short sale ( even an approved short sale takes a very very long time and theres no guarantee that you will even close on the house after months of waiting). q1)There are plenty of non traditional lenders that could offer you construction financing if the numbers make sense but it will cost you with points and a higher rate.

As one poster (@Caleb Brown) previously mentioned the huge advantage you would afford yourself is, if you were to sell first.

It creates a space for people to reflect, learn from each other, and even rediscover strategies they’ve forgotten.Revisit the Basics: I love how you mentioned going back to basics.Invitation is open let's have a coffee  next Tuesday  7:00 PM at the Squadron Restaurant next to Miami AirportJan 27,2024. 

Oklahoma as a whole has strong rental demand in many markets, just need to be mindful of the price-to-rent balance, as you mentioned.

People mentioned master lease so are they essentially arbitraging the unit?

Wanting to evict them are a tenant is late for a week or waiting months of non-payment to start the eviction process.

I don't know that @Dave Foster earlier mention worked...I'll let him chime in as the expert, but you can 1031 for less it just results in 'boot' which is taxable.

I didn’t want to be waiting days for them to get back to me about edits to the purchase agreement.