@Muhammad Kashif Flipping a property in 6–9 months results in short-term capital gains, taxed as ordinary income (up to 37% federally, plus NJ state taxes up to 10.75%).

Find them at local real estate meetups, but be careful, it's a sketchy business overall.

Have you done any value-added work to your current properties?

I will be funding the deals and he will be finding the  properties, diligencing, and then managing the properties.

Most traditional property managers don’t handle this setup due to challenges like managing tenant disputes, coordinating overlapping move-ins/outs, and the risk of Fair Housing violations when selecting tenants.

Daniel,If its something you really like from all accounts, get with an inspector and property manager to give their thoughts on the area, condition of the property etc...

I just had tenants move out of my investment property (duplex) without paying for the last month's rent, and the damage they inflicted onto the property exceeds their security deposit amount.

Better tenants expect better and treat the property so.

And a good property manager will take care of day to day, but you will still have work to do.

I once owned a 20-acre mixed-use property in Illinois.