Hello,I have been looking for my first multi unit (duplex) in the Willamette Valley wine country area of Oregon ( it will become Sonoma in 20 years ;-) ) and my retired father (healthy and active  66 years old) has been mildly interested in selling his home (no mortgage) for a change of scenery and possibly to move closer to our growing family.

Have you discussed with your CPA whether your flipping activities are an active business income subject to regular business/personal tax rates or more of a passive investment subject to capital gains and eligible for a 1031 exchange?

I am an active duty army officer that has lived in many states.

And although I have not looked into those areas very much, plenty of active investors on here swear by these markets.

Since this is your first purchase, it might make sense to suck up the cost and engage a buyer's agent to guide you through the purchasing process.  

Active real estate investing is too much work to not achieve outpaced returns relative to other investment options.

I am simply using more precise language.I do this because Unrelated Business Taxable Income (UBTI) is generated when a tax-exempt entity engages in a trade or business on a regular or repeated basis (i.e. flipping houses or other types of dealer activities). 

I'm pretty active in KC and can say that there is no shortage of buyers. 

With these entities, any profit earned from the rental activity is “passed through” to the owner or owners’ individual tax returns and they pay tax on it at their individual income tax rates.Thanks.

Of course you can do what you want, but there's a good chance it will not go as planned, and either you or the tenant will not be happy.If those decks are due for a refinish, and the refinishing is pretty easy, who don't you send a handyman over there to do it, or go over there yourself if you're a more active sort of landlord?