We also manage over 100 investment properties, mostly Airbnb.

I am not too sure on how to coordinate and properly manage a fix and flip project in a different state which is why I have joined this group to learn more about out of state fix/flips and see if it's a plausible option for me.

Proc. 2005-14, which pertains to the joint application of Sections 121 and 1031 to the transaction of a single property that qualifies for both Sections.

Here are some steps to help you get started:Educate yourself: Learn as much as you can about real estate investing, including market analysis, property valuation, financing, and property management.

It is now 6/21/24 and I am still going back and forth with my property management about the security deposit and repairs.

Hello Jared Schott, regarding your situation, here are some considerations and options for managing the $280,000 gap: Second Mortgage: You can seek a second mortgage or home equity loan to cover the $280,000.

If you were a bank/lender and an investor wanted to borrow funds on a property with several moving parts (actions towards repayment) what would you want to see from the applicant? 

you will not want to take documents from anyone on line and will want an attorney to create docs for you which would range from $5-$10k.Regarding management fees, 1-2% is what those fees typically, are so even at $1M you are taking $10-$20k/yr in management fees, which probably does not get you super excited, but thats where they typically are.

We have an S-Corp that manages both LLCs, so I can take payroll and contribute to retirement accounts. 

I would appreciate any guidance on managing these types of financial partnerships and navigating a dynamic, competitive market.