Starting out as a new agent is always challenging and that’s why most new agents begin by working with rentals and buyers so they can establish credibility that is needed when going on listing appointments.  

Diversify Your Accounts: Consider spreading your funds across multiple accounts, including those held by established banks with robust regulatory oversight and deposit insurance.

You need to establish what your goals are and start working towards them.This means not using simply cookie cutter advice, because your situation is likely not going to be cookie cutter.

PP as is  35krehab 70kSale price  189k  Net 170k on hud My fee 12k Insurance pass through  I pay for the insurance as well they pay me back when it closes  450.. net to my client  52k is my client has to pay the utls  So with my establish clients were we are well under 70% ARV I fund 100 % of purchase 100% of rehab I pay for the insurance andthere are no payments we all get paid off the HUD the same day..

Holding onto a property merely for tax considerations is a dangerous gamble.But if you want to gamble - yes, selling in a year without a W2 job usually saves on taxes.

Focusing just on appreciation causes people to take on negative cashflow situations, gambling that the market will eventually save them before they run out of cash.

Start with an established team member in your desired out-of-state market.

The daycare also has a website, so it seems well-established.

The area does not have explicit rules on STRs so its a gamble with that strategy.

For example - where might you already have an established network?