@Lincoln Bartlett You will need to use propertyradar, propwire, or propstream to create lists and reach out to distressed homeowners via postcard or text message.

That's great to see how well you've done.

Welcome to BiggerPockets, Lucas! 

Hopefully someone with tax accounting knowledge can jump in here with more detailed analysis, but I looked at this a bit several years ago...1) You still have to pay the depreciation recapture on the sale decreasing the net benefit of this approach due to the large tax payment in the 'sale' year2) The LLC would need to not be a passthrough entity so that it can be taxed separately from you, so you have to add another tax return cost for the years going ahead3) Taxing it separately from you likely means corporate status and corp. taxation rates which are higher than yours and I've heard many times over the years to avoid titling real property as a corp...Overall from what I've seen this only makes sense in a select few scenarios, which for most people aren't in play. 

I hope to see y'all there!

(we charge the same Processing Fee as depositing to our bank)4) Pay online using their tenant portal (we absorb the small fee, to encourage this behavior as the internal resources saved more than cover that fee)We understand we have scales of efficiency a DIY landlord won't.

Our Challenge is We’ve successfully completed 8 flips in 24 months and are ready to scale to 20-30 flips this year.

Happy to connect or take a look at your property to see what it may be able to rent for. 

I suggest you get a hard money loan on the free and clear rental. 

We had a record breaking online attendance this week, hope to do the same next month:  Top 10 Title Issues Real Estate Investors have to solve with Accurate Title