I have been paying a lot of taxes every year from selling stocks and have a high W2.

Now post-COVID you have a larger inventory, increased prices, increased interest rates, increased property taxes, increased regulation (even Smokies are now requiring permits) and increased insurance and at the same time return of the reduced Pre-COVID occupancy numbers. 

Marie Poe: Gary: I like the tile work in this bathroom.  

If I have a LLC and use a property management company for my rentals am I subject to the 1% earnings tax?

We would want to make my parents the 'renters' and we as the landlord.Question: In terms of taxes, is there something we should consider when renting to our parents?

This is generally not tax-favorable as you are taking a large chunk out of the IRA at once and will pay a high rate of tax.  

We are wanting to start a House Flipping business and are just looking for some legal and tax advice.

1.Explore tax incentives or financing programs: Look into potential tax incentives or financing programs offered by the local or state government for affordable housing developments.

It will be a business and will be taxed as such.You will need to get with a CPA in order to quantify those differences.

However, Florida generally has lower property taxes, which could be a factor to consider.While you mentioned your interest in multi-unit investments with seller financing, it's important to keep in mind that this can be a complex area.