In my opinion, You’d be much better off, much better bang for your buck and you’ll likely spend less capital up front If you house hack here than buying an investment out of state in a random market.

I’m getting into real estate investing to be able to provide for my family and build my way to generational wealth.

We also have a podcast, ValueAdd with K&K, and talk about investing in apartments and creating generational wealth.

Just wanted to see what other’s experiences are with passing on wealth to future generations as tax efficiently as possible (both short and long term)?

I have just started a new career with a good outlook, Living in Los Angeles the market is super expensive especially at the moment I Don't have a rich family and have just started saving, I have recently also started a new company in hopes that the income I can generate from that will help in financing future house flips and investment properties.

Like with everything in life, the basics (such as the fact that flips do not generate capital gains) should come before exploring advanced topics (like OZ).

Looks like your question hasn't been answered.I am locking up about 8 deals a month by cold calling & direct mail - I hired 4 cold callers to generate me hot deals and I take the direct mail calls to my cell phone personally since that marketing channel costs more money. 

This would generate cashflow for your current property and would increase it's value due to the additional square footage.I would not recommend selling and renting unless there is a significant difference and the numbers are rock solid.

The business mortgage obligation provision was clearly intended for mortgages on the existing properties that the business uses for generating income.

It builds useful skills, teaches you about home ownership (so you learn what clients look at), and generates wealth.