PR is technically part of the US, as a territory, but it doesn't show up on any of your tools for finding lenders, real estate agents, etc...

@Jim Doyle- thanks   1) consider increasing the purchase price by the amount of the elec and roof  work that needs to be done  and then assist  seller with  getting the work  scheduled and completed  ( as this will be required to be donw before closing ) ..this way the  seller  is technically  paying for the  repairs  and they wont lose  any  proceeds ....they will pay a little  extra  wa state sale excise tax  but  that  wont amount to too much  2)  consider  putting less down  and using some of your funds to pay for  the repairs  ( or part of the repairs )   3)  consider using a rehab loan  4)  consider  keeping the price  where it is and asking for the sellers to complete  repairs  (  this likely wont happen)  5)  get roofer and contractor  estimates and get them  lined up to do the work asap  as it might takes  weeks to get this scheduled / done  6)  ask seller for  extension on closing date if the  work  will take  longer than 10 days ,,,Good luck

Buying a single family residence was technically easy as I knew what I wanted, where I wanted to live so I just waited for the right time to strike.

Timing Your Sales - From a technical / IRS standpoint, it's easiest (and cheapest) to have all three of your sales close before your purchase, and to have all four of those transactions occur within the same 180-day calendar block.

Thanks in advance If no composite return is filed on your behalf, depending on state, technically you are required to file in those states. 

Staffing key people already there, front desk person, accounting person, all the third party vendors you need, all the training you need for your agents.All you do is recruit and sell. 

Very technical, data driven approach.

But you still come out on top as your cash value continues to grow while you are paying the loan back - since the money doesn’t technically leave your account so it can accrue interest & dividends.

If I technically do not have a primary residence, what would I list as a primary residence.

That being said, for recordkeeping, it is probably better to have a different LLC for buy and hold vs flip properties - though you do not technically need to separate them or have LLCs at all.