Depreciation is not optional.

Would like to see what other options are out there for something like this.

So having an alternative option is always best.

Don't give either an option.

We closed on the sale of the property Thursday at a sale price of $1.7 million with $412,000 down and a 2 year balloon note (with options to extend) for $1,288,000 at 9.999% interest with interest only monthly payments.  

Some of the best spoken words I have ever heard "I also understand that the real money will be made on the 3rd, 4th, 5th+ deals, so my primary concern is getting started, getting experience,"If I were you I would do exactly what you are doing....Educate, network, and take action...I am not sure if it matters whether you flip or hold to get started....the least friction way to get into the game is typically house hacking if that is an option. 

Treat it like a lease with the option to buy with a non refundable down payment.Keep thinking creatively and shop your market every day looking for deals.

Selling is good option.

I see there is also an option for business deposit accounts.

I like to do Options with smaller dollars to get high yields with low risk.Example.