Success in real estate frequently results from adjusting to changing market conditions and making well-informed judgments based on in-depth study.

Quick general pointers, as already mentioned on this thread:- holding a flip property for a year changes nothing for taxes, in most cases- flip properties are not taxed as capital gain taxes and are not eligible for 1031s, in most cases- if you're a full-time broker and do not have other jobs, you will most likely qualify as a real estate professional- which does not exempt you from any taxes, but it can create other tax benefits, specifically allow you to apply losses from your rentals against your broker income- and there are other tax strategies that can help youFrom this point, you need to get yourself a tax pro.

Nathan Unless you are changing the occupancy to STR, MTR, or some other use to reposition the property, there isn't a lot of value you can add to a new build.

From an operations perspective, not too much changes.

To your point, if appreciation is important to you, search for those fast growing markets. - Choose your market based on your goals. 

I hate changing all the time because of confusion with the tenants but will somewhere down the road. 

The County is about to change the ordinance to no longer allow transferring a license. 

Todd here, humble sojourner in the vast and ever-changing landscape of short-term rentals.

When they finally sent over the closing docs to title the loan amount had changed from $233K to $171K.

Secondly, check to see how quickly they update status changes (active to sold,  NOD to Recession, Auction date or postponement).