To sum up:Fix n Flip = 1031Buy and Hold = Seller financingCan a seller finance if they have an existing mortgage?

@Rachel N. lets say you pay it off in 12 months.

@Hau N., hey man. 

Just put this under contract yesterday for $62,500:209-211 N Randolph St, Indianapolis INLooks like a 3/1 duplex with about 1700 sqft each side.

Account Closed  well based on the N..

Very little capital.Theres a small block structure with an upstairs i wanna keep n rehab nice, but theres a big wood house attached that is pretty shoddy that needs to be nuked.The upstairs i want to add a 2/1 with living area with open kitchen, start the electrical, plumbing, HVAC from scratch, etc..I actually want to live there for a while and add value before flipping.Is there a way to officially get the wood house deemed uninhabitable for full unselective demo?

House hacking will provide you an opportunity to learn a lot about buy n hold including maintenance, finding tenants, and dealing with tenants.  

@Roy N. hmmm...  

@Roy N. that's good to know, but if I understand correctly, you're talking about a large single-family that was converted to a multi?

@Roy N.