We pay too much for housing, material, taxes....Flipping is definitely a great business, but in LA, there is too much competition and very low inventory. 

you should find someone who you can shot the deal over to, they say yes or no then you toss the EMD down.... if a purchase and rehabhow many deals have you done, address, purchase price, est rehab cost and est arv, credit score and llc name.for a 30 year fixed long term purchase or reficredit score, address, purchase price or est value, rent or expected rent if purchase, taxes and insurance.these are deal by deal.

For the tax experts here, when I take a policy loan on life insurance for private lending, how should I structure it to minimize taxes?

I've met people who sold and made up the taxes in the stock market and said they don't miss being a landlord.

Are you referring to property tax classification, as in it moves you from residential to commercial, or are there income tax remifications?

I bet your insurance and taxes went up more than 3%. 

We wanted more property for our family and extended family and I knew I could use it as an STR to offset costs and pretty much give us a place that pays for itself while getting some tax benefits, equity, and possible refinance in the future.

We have one this coming Saturday so hopefully you can make it out, here is a link:  https://www.biggerpockets.com/forums/521/topics/1177645-tax-...What brought you to Chicago from Dallas? 

Need more tax shelters? 

Hopefully I didn't misquote them.LLC: Liability protection and potential tax benefits.