Go ahead and close on the properties asap using 100% private money.

That, plus inflation is pushing me to make a move quick with the money I have in savings which puts in a tricky situation.My question is, where could I park my savings temporarily to hedge against inflation (and possibly show returns) until I find the right property to buy.

But they still push me to rent the unit to section 8 tenant. 

If your goal is to pay more for your properties, then go ahead and pay them off with that extra cash. 

Iam I ahead in the right direction

I would push you to keep nailing down exactly what it is that you want to do.

@Rick Reeder I agree with @Cameron Tope I think this proposal will see significant push back and if it is adjusted then CPAs, attorneys, asset managers, and real estate investors will have to explore other avenues to delay or mitigate that tax impact.  

New here and I see that BRRR gets pushed a lot in Bigger Pockets.

pid=1782Houston Real Estate Highlights in May:-Single-family home sales increased for the twelfth consecutive month, up a dramatic 48.2 percent year-over-year with 9,702 units sold;-The Days on Market (DOM) figure for single-family homes dropped from 58 to 34;-Total property sales rose 55.5 percent with 12,100 units sold – the second highest volume in history;-Total dollar volume increased 100.5 percent to $4.4 billion;-The single-family average price reached a new record high, rising 29.7 percent to $387,105; -The single-family median price rose 21.7 percent to $304,000 – also a record high; -Single-family homes months of inventory registered an historic low 1.4-months supply, down from 3.3 months year-over-year and below the national inventory of 2.4 months;-On a year-to-date basis, single-family homes sales are running 29.5 percent ahead of 2020’s record pace;-Townhome/condominium sales jumped 103.4 percent with the average price up 15.7 percent to $238,839 and the median price up 21.7 percent to a record high of $213,000;-Single-family home rentals fell 26.8 percent with the average rent up 10.6 percent to a record high $2,025; -Townhome/condominium leases declined 3.5 percent with the average rent up 8.5 percent to $1,716.

Then again she started buying them 5 years ago so she is way ahead just on appreciation.Listing prices for the cottages/Lake-houses around us are running $250-$375/sqft, many of which need a complete rehab.