Unfortunately he is still incarcerated pending an appeal on his case and I am not the professional real estate investor that he is.

On closing day, the original seller (not the wholesaler) decided they did not like the terms agreed upon.

Thanks to zoom, many musicians are teaching lessons online so they have a wider audience and can operate from anywhere. 

I can offer suggestions based on my experiences.

Once the flip is completed, it takes at least a month on the MLS then another month to close after you get an offer.  

And LP is burned if syndicator hedges and shops multiple groups who are interested and spending money on DD ultimately not get the deal.Reliance on single relationship: again, larger checks mean few LPs for syndicator.  

Question: If you were to purchase a STR to close in November and the seller negotiated that the buyer must honor existing rentals with the current rental company/property management until January of 2025…. 1- does this negate the short-term rental loophole for the 2024 if you aren’t managing it yourself for these months in 2024?

(whatever it is you use).Some people borrow against their personal residence with a HELOCK for this needed cash, but I've seen those go bad in several instances, and the results were not very pleasant for the borrower.In many instances working a second job can allow you to set aside cash, or you might inherit it, or find a cash filled partner.But the bottom line is, initially your success is measured by how much cash you have to invest.And be careful of Hyperbole.Good Luck!

This all comes down to how you're structured, how the flip cost were accounted for, if there is a partner (you mentioned "we").If it is an S Corporation and you "distribute" or "sell" the property to yourself, if there is any loss on value, which probably there isn't, know it most likely won't be deductible if it's a related party transaction.  

As a new agent I would focus on finding new prospects.