In reviewing the ESTATE BUILDING goal, I’ve come to realize that SOME of my strategies, tactics, and decisions were in need of review or revision.  

So, there is no free lunch.Of course, this gets into various tax deferment strategies such as 1031, etc. 

I'm in Los Angeles.What I'm curious about is if you have a strategy to get bookings from the companies, beyond them finding your listing somewhere and adding your property to their databases. 

Before I would execute on your strategy I would locate a HML willing to lend to you for ground up construction.

If you're doing an MTR/STR strategy I'd be sure that the PM has experience in the MTR/STR space and is not just LTR focused.

Convincing folks is a fool's errand and I don't even bother.Happy to discuss options, strategies, etc.

I offer 6% interest-only for 5 years, but you can tailor this to your own strategy.  

I wouldn't touch Cleveland personally it can't and shouldn't' be compared from an ARV potential it's a cash flow market strictly. you can't do the strategy you are talking about when the average home is more than 60 years old in Cleveland and sells for $120k or less. hard to change those economics.

Quick general pointers, as already mentioned on this thread:- holding a flip property for a year changes nothing for taxes, in most cases- flip properties are not taxed as capital gain taxes and are not eligible for 1031s, in most cases- if you're a full-time broker and do not have other jobs, you will most likely qualify as a real estate professional- which does not exempt you from any taxes, but it can create other tax benefits, specifically allow you to apply losses from your rentals against your broker income- and there are other tax strategies that can help youFrom this point, you need to get yourself a tax pro.

It's a shame too because I really like the location and the layout for the house hacking strategy I was planning.