Buckle up, because here are some perks that might just tickle your fancy:Steady Income Stream: Imagine a flow of payments landing in your lap each month, all without the nitty-gritty of property management.

To use this approach though a bank has to be willing to finance it though- which is really tricky.Income approach is take it as a rental income stream and apply a very high cap rate and take that value. 

Then look at your potential revenue stream.

No, I am not a spook like those who haunted Edgar Allan Poe; nor am I one of your Hollywood-movie ectoplasms.

Each strategy has its own set of benefits and drawbacks, as well as potential returns and risks.Buying to Flip for Quick ProfitBenefits:Quick Returns: Flipping properties can potentially yield quick profits, especially in a hot real estate market.Minimal Holding Costs: Since the goal is to sell the property quickly, holding costs such as property taxes and maintenance expenses are minimized.Creative Freedom: Flippers have the freedom to renovate and design the property to maximize its resale value.Drawbacks:Market Volatility: Flipping is highly dependent on market conditions, and a downturn in the market can lead to reduced profits or even losses.Capital Intensive: Flipping often requires significant upfront capital for purchasing, renovating, and holding the property until it sells.Income Tax Implications: Profits from flipping are typically taxed as short-term capital gains, which may result in higher tax liabilities.Buying for Rental Income and Long-Term InvestmentAdvantages:Steady Cash Flow: Rental properties can provide a consistent stream of income through monthly rent payments.Appreciation Potential: Over time, rental properties have the potential to appreciate in value, providing long-term wealth accumulation.Tax Benefits: Rental property owners may benefit from tax deductions on mortgage interest, property taxes, and depreciation.Challenges:Tenant Management: Dealing with tenants, maintenance, and property management can be time-consuming and requires effective management skills.Market Risks: Rental income may be affected by market fluctuations and changes in rental demand.Liquidity: Unlike flipping, rental properties may not offer immediate liquidity, as selling a property can take time and incur transaction costs.Comparing Potential Returns and RisksBoth strategies offer the potential for attractive returns, but they come with different levels of risk.

Income Flow: Is it feasible to have the rental income flow to the family member, akin to purchasing an annuity, thus providing them with a steady income stream?

IRR is for when you have consistent payment stream and no expenses- for example a government bond.XIRR is when you have variation of cashflows.

This has allowed me to build not just my real estate business but also a home services business which has really taken off and provides additional income streams for me between my flip/develoment  paydays.

Even if you make mistakes, you have a consistent stream of income to regain the capital and start again.If you have high risk tolerant and a positive outlook on becoming an agent, your plan sounds really good.

So that you can avoid paying all the tax on the sale and still keep your income stream with little to no management.