Quote from @Maria De La Vega: Hi again,I am interested in purchasing a property in Texas, (out of state) with the intention of flipping it and putting it in the market, the property has a good ARV and doesn't need much work, but is occupied by a tenant and the lease is up until the end of the year.I have a few questions since this is my first time purchasing a property out of state.If I allow the tenant to stay until the end of the year, do I need to go with a conventional loan instead of Hard money loan, so I can't fix it right away?

#American Airlines Center #3, potential for Las Vegas Sands Casino somewhere near by, #4 Dallas Convention Center  #5 Dallas Trade Centers can't think of many other places in the country that have that many demand drivers.Weatherford.....growth moving that way. 

I had swamp cooler when I lived in Las Vegas.

It files its own tax return, but the taxes are still paid by you personally.Either disregarded or pass-through, the taxation principle described in Part 1 is the same.Part 3 - Using the money for real estate.Once you pulled the profits out of your company account, you're free to use it for anything you want, without tax complications, because the taxes have already accrued.So, you can use the $20k to buy a car, blow it in crypto or Vegas, or you can invest it in real estate.Just remember that the taxes on your $15k taxable business profits have not been paid yet, so you better set some of this money aside for future taxes. 

Although I do know of a colleague that lives in Las Vegas and sells properties in Santa Monica, CA (he has some sort of family situation that forces him into this arrangement). 

An SFR in Vegas to a friend’s dad where I agreed to accept 3% under FMV NET.

We are in the Las Vegas market.

If weather is your worry, try Phoenix/Vegas.

Vegas is not that far from Los Angeles.

I recognize some LTR markets had large impacts (detroit, Las Vegas, many Arizona cities, etc).