However for right now, I'm just trying to learn all I can, so please feel free to unload any piece of advice you can offer on me.

High end residential means it will take 2-3 times the time a flip, and time means money, they also have different types of materials, a 2x4 from a decent/specialty lumber yard will cost 15-20% more than home depot but they are more quality.

I plan on putting each unit on its own water, and having the tenants pay that to unload some of the burden.

We simply want to unload it and take control of our money.

I use flooring from Lumber Liquidators.

Even if that doesn't, the tax write-off from interest payments, mortgage pay-down, and the new property as 3 positives to refi and then unload in 2-3 years.My $0.02.

If you want a deal, wait til end of year when banks unload and  owner occupants aren't driving the prices up.

Get on Craigslist, Offer Up - start looking for deals on everything... water heaters, tools, lumber, etc.

If I wanted to I could lock up 5-6 contracts a month just mailing about 1000 leads by giving the person their price and seeing if I can unload it but I do not do that.

The forrest exemption obligates you to sell 80% of your lumber in a lot 40 acres or less.