Unlike holding real estate, where you can take advantage of depreciation to lower your taxable income, fix and flips don't offer those same tax perks.

The trick to real estate is not panicking over the downturns and all the things that life throws at us.

It’s advisable to consult with a tax professional or real estate attorney to ensure the arrangement meets both your needs and complies with tax laws.In a seller financing deal, once you start making payments, any equity you build in the property does indeed go to you, not the seller.

I’m a new real estate investor also new to the Portland area!

@Bob Gruenig Yes I agree with @Chris Tracy that you should be talking to an SEC attorney. https://www.crowdfundinglawyers.net/ or https://syndicationattorneys.com/*You will need a real estate attorney as well but these people above will help guide you better.

Have you ever considered using private money loans for your real estate deals?

Would love to connect with you guys and bounce some ideas off of each other. 

Since I'm planning to do this from out of state, I'm uncertain if this is a wise decision, especially since it's my first time venturing into real estate.

It's also common to encounter retail branch employees who are  not familiar with  the entities and various ownership structures real estate investors utilize since they are normally opening personal bank accounts.

The obvious thing to do is to sell and take the tax free gains, then any excess gains are passive and can be offset by creating passive losses via investing in more real estate and doing cost segregations.