You'll want to compare offers from different lenders before you settle on an SBA loan offer.

If you don't meet that 12 month seasoning requirement and/or want to hold the property under an LLC, a debt service loan may be a better option.

The AC is old, but I’m planning on holding off on replacing it.

We haven't bought anything in the past couple of years locally because the value proposition compared to what we already own just isn't there.  

I have some buy and hold rentals and have never done a BRRRR.

Taxes are half the cost compared to CA and insurance is lower if not by the water.

To be considered an investor (and possibly get long-term capital gains rates), you’d need to hold the property for over a year as a rental or investment, not actively flip it.Check out the IRS guide on rental real estate and capital gains for more details: IRS Rental Property Tax Guide.You might want to talk to a CPA who specializes in real estate to see if there are any strategies that work for your situation.Good luck on your flip!

Investment Info:Single-family residence buy & hold investment.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

No one knows what the future holds but assuming a 7% return over the next 20 years those accounts will grow in total to $2.4M.