Therefore, it is still very beneficial from a tax perspective to invest in an OZ fund for that reason alone, assuming of course the OZ project makes a decent IRR over the 10 year required hold period.  

Find a good contractor and partner with them or just use them on your projects.

Looking for advice on finding the best way to finance this project and how.

I am currently reading through the FLIP book which I heard about here and has a lot of information, I am currently getting multiple bids on a number of items for my current project while they are doing title search. 

. - I decided I didn't want to mess with it because Im starting another project with higher potential return.Now, as an example, I look at this one:https://www.zillow.com/homes/63-GRANVUE-DRIVE-BELL...Its on the Auction block, if I picked it up for 2 or 3k, and sold it for 10k to someone else who wants to work with it, essentially a wholesale deal, and didn't spend any money fixing it up, and agreed to max 1k realtor fees if any, I might make some money on it.If you go to our county tax assessor site, and search '63 Granvue', youll see that 1) the total taxes for 2018 are $2981.38, and 2) they are paid by the bank already for 2018 http://www.co.st-clair.il.us/Pages/parcel.aspxWhat I am asking is - if I bought this at auction, and sold it within a couple of months as a property someone else can rehab, how would the property taxes work / what would I end up paying? 

I am very interested in a syndication project in Kansas or MO

I have seen projects go up where you wonder "How did THAT get approved?"

Find the properties, do the rehab, manage the project?

The back-up plan is to simply flip the property and take the cash out now for the next project.The Project (2 unit Multi-Family):Acquisition/rehabLand Acquisition:     275k (I'd use my cash to buy)Hard Money Loan:  100k (I might use my home equity line at 4% APR over 20)ARV:                           465k (This is my best assumption based on other comps)Refinance:                348,650Cash out:                  26,250Income:Rent:                         1800x2 (This is conservative)Capex/Maint.          300x2Expenses:                400 (water/trash/electric/sewage/insurance)Using these numbers the property looks like it generates a COC return of about 30% per anum (on the 26k outstanding).

I have plenty of friends using money to fund their projects and really, have no idea where the funds are coming from.