Just read some actual real life publications of this happening in the San Bernadino County California so this type of project is definitely possible.

You will be taxed on the sales price vs the tax basis in your duplex, not the actual cash received at closing.

My partners and I had to help some, actually from the desert, unravel all the mess he'd gotten into with them.  

Before leaving, I was wrapping up with my fix and flip with actually was supposed to be a one year fix and flip but turned out to be a 6 months one instead and I was also penalized there.

@Daniel MeaseIf #4 is important to you I would actually go offline and build lending relationships locally no fintech is going to really care about you and your business they are trying to monetize and plan an exit.  

The best advice is don't wait, make the connections, and put the pieces together now... that way you will be ready when the time comes.

I'd estimate 12-15% of the sales price as you'll have to back out land value and then you'll get closer to 20% of actual home as a deduction (assuming 100% bonus depreciation which the jury is still out on that being extended. 2.

I'm interested in long term rentals and possibly the "Brrrr" method (just finished watching the Webinar on the "Brrrr" method a few minutes ago actually).

Hi Bonnie thank you for your response, so this new build actually is already in plan to be built but pending for until they find a buyer.

There are plenty of wholesalers and agents out there as well, search the for individuals who are actually investors and have first hand experience in what they are selling.