The purchase price in many jurisdictions determines how the property will be taxed.

Is it a way utilize some tax deductions? 

And finally, is there a more tax efficient state to base the company-i.e.

Hey, I have $80K-$90K liquid money.

Hi Caleb,From our experience, when flipping properties the most efficient ways to spend your money are the following:Focus on kitchens and bathrooms, as these areas consistently provide the most value for your investment. 

Personally, I like to do the work myself to make the money for myself.

Both seasoned and new real estate investors have a powerful tool: the 1031 tax-deferred exchange.

@Marquis CobbUnfortunately a lot of those trainings will sell you on raising money and finding a sponsor is easy, and unfortunately it is not, especially with no experience.Keep networking and hopefully you find something

This destroys that logic and I will lose a lot of money.

i was just reading over it and looks like you cant rent it shorter than 7 days and looks as thought it needs to be zoned b1 and up but anyway in my opinion str wont make any money in the area the occupancy rates just aren't there to cover the costs. i mean if someone what's to do it by all means have at it but im out.fox lake is limited to i believe 60 rentals at any given time but again if you look at the Calanders of the existing listings they're just not booked very much