We’re trying to figure out how to avoid the short term gain tax implication of the sale since were in the highest bracket and that will basically eat into all of our profit.

Short-term, I'm planning on working with single-family homes to build up some capital. 

It had a short payoff of a year, with a balloon at the ending.  

If you are looking for short term / immediate income, I would recommend fix and flips, wholesaling or lease options. 

Ideally when complete you have a property with zero money into it and a tenant (or multiple short term tenants) helping pay your mortgage.  

@Mitch Deminski I’ll send you a pm shortly. 

@Angela Smith If you have not held the property for a year then it is short term capital gains which is taxed as earned income, or ordinary income.

I will soon be closing on my first property which I’m purchasing as a short sale.

I just discovered there is a problem with the sewage pipe to the street.  

First property I bought was an undervalued house hack double.Purchased for 70k with an 80 conventional loan.ARV 160kI then took an 80k HELOC.Next I bought a single fam to move into using another conventional mortgage with 20% down coming from the HELOC.After all this I then discovered the BRRRR strategy.