@Joe DaikerThe ROBS 401k (rollover business startup) allows for flipping real estate through a real-estate operating company. 

Like the posters above, I'd recommend a CMA from a realtor that operates in your area.

The only concrete numbers I have right now are a gross operating income of 125k, and they are looking for 500k with ~65 years on the clock.

Josiah,Turnkey-reviews.com lists reputable turnkey operators like my company.  

If it's a new home w/ mechanicals that are old but operating properly we've tended not to replace the mechanicals.  

@Bill Exeter Yes I agree intent is reviewed but you are also not mandated to hold properties detrimental to normal business operations.

The investors or operators who advocate wholesaling as taught by these guru methods of assigning contracts as a business model enter the arena of facilitating real estate transactions without a license, tortuous conduct and predatory dealing simply because they follow bad advice.

This would mean your subsequent purchase with a 10% downpayment would need to be insured through Genworth or Canada Gurantee if they are still operational.

We are turnkey operators in CLE outside of your immediate area, but, until I got into turnkey I was part of the rat-race and I am happy I got out and I have not looked back since.

.- I will not qualify for a full or partial home profit exclusion as it has operated as a rental for the last 7 years.- I do not wish to conduct a 1031 exchange, preferring to deploy the profits in stock market investments at this time.Are there any other kinds of significant tax breaks that might be available?