Ultimately if you don't sell and someone (family, friends, siblings, etc) inherits property, and they decide to sell later, they pay capital gains tax based only on the value of the property as of the date of death.

It's quantifying "ample reserves" that I'm trying to figure out.I stumbled upon Brandon's Blog Post recently that has been very helpful.https://www.biggerpockets.com/renewsblog/2015/10/13/real-estate-capex-estimate-capital-expenditures/  

Hopefully, we can build some capital to be able to invest in some buy and hold properties at some point.

Finding a solid flip is a great way to build the capital stack, but it is really a perfect time to develop a solid rental portfolio in Houston.  

Both of these loan programs can get you into a home with as little as 3% down, which would give you some additional capital/reserves for improvements after purchase, or a larger contingency/emergency fund, or a good place to start on your next home. 

Do you have the capital to give a solid TIA to bring in a solid Tenant or are you going to lease the space as-is?

In order to convert the house into three units it will need at least $ 105k in rehab.I believe a savy investor can turn the current property into three units plus develop the two l0ts and build two duplexes or two single family houses ( arv for the area  2/2 130-140k   3/2  160-185).most houses in the areas are rental properties although is a very convenient area close to all major highways, MLB Statium and 15-20 minute drive to city capital (Atlanta). i would like to wholesale this deal  or possibly partner up on the deal.. 

Lima capital one for example covers 90% of purchase and rehab costs, max loan to ARV is 70%.

Call Taylor Langford with Lima Capital One.

I have invested some capital on a Henderson Nevada house with a partnerMy partner is the only one on title.