@Ngozi IwunzeOne way to avoid capital gains is to turn the flip into a rental after the rehab and then do a 1031 exchange into a more expensive property. 

As you progress your bookkeeping business, you'll likely want to learn how to export statements from a variety of property management platforms, as investor books are housed in bank accounts, spreadsheets, and a variety of property management and accounting software!

Once they have seen the property and are interested, the prequalification and background checks will do the rest of the work in weeding out undesirable tenants for you. 

Quote from @Sean Regan: Getting ready to list my first rental property after an extensive reno. 

Are you looking to buy & hold, fix/flip, or wholesale properties?

Foundations actually don't come up that much in Chicago.... so many awesome brick properties.

Why borrow against an investment property at a higher rate than you can against your primary?

Whether it’s helping a seller get their property in better shape for showings, structuring a deal that works for both parties, or connecting the right people, there’s always a way to add value.

We currently have two rental properties, both owned in our names not in LLC. 

As for the property you posted, that is a great area.