I might be looking to invest some capital over on this side of the globe.

Should market turn or your vacancy goes up to 20-25% does that still pencil out given you are deploying most of your working capital.2) You mention your Real Estate agent is also the property manager.  

You'd pay capital gains on the $1 million gain from the first sale and the depreciation recapture of $180K for prop A. 

@John WoodrichThe only thing I'd do different that John Woodrich mentioned is I'd wait for the 2 year for no tax or in my case whenever I BRRR- sell after 1 year and a day to utilize long term capital gains. 

However, I'm not thinking this is a good idea because  of the tax free capital and it's probably just better for this type of exchange to be done quickly. 

If you're looking to earn some extra capital on the side and want to only spend $3k-$5k furnishing a place as opposed to $30k-$50k rehabing one, I think this is a great option. 

Like most investors, you might have the capital to take a $500-$1000 loss.I don't really agree with what @Jorge De Jesus said with even if you eventually outsource it, how do you know it’s done properly?...

Secondly, does anyone no I’ve someone offering their services in lieu of their capital investment in say a partnership to buy and fix and flip a house?

I bring capital, a real estate sales license, and lead gen/marketing to the table.

@Keon Garraway as tax deductible expenses probably yes or at least capitalized items to put a property into service.