For house flipping, consider an LLC taxed as an S-Corp to reduce self-employment taxes by taking a reasonable salary and the rest as distributions.

They had lots of options to reduce cost, they came in at $8k less than the first place, and I could knock even more off of it if I trench the new lines myself (the trenching and excavation prices were pretty brutal, I could hire it out for a fraction of the price). 

My team and I have gotten (just the other day) a house $1.6M reduced down to $1.4M 30 days on the market, a property 68 days on the market reduced to $100K, and then another $24K in closing costs.

Changing filters regularly reduces maintenance by 35%.

Most new neighborhoods have PIDs or MUDs and that reduces your returns at least 1% to 1.5% for the first 20 years.#4. 

@Michael VelezHouse hacking is a great way to start investing, as it helps you reduce living expenses while building equity.

House hacking is a great way to reduce living costs while building equity, and BiggerPockets is a great place to network and gain insights.Good luck!

If you have already completed the exchange and are facing boot, a cost segregation study can help reduce your taxable income by increasing depreciation deductions, but it won't change the fact that boot is recognized.As @Bill B.In a partial exchange the tax is based on the boot received, not prorated across the entire transaction.

An LLC shields personal assets from business liabilities, while S-Corp taxation allows you to reduce self-employment taxes by taking a reasonable salary and distributing remaining profits as distributions, which aren’t subject to payroll taxes.

This would effectively cover your mortgage and significantly reduce your living expenses.