@Ryan Espinosa Newly passed Proposition 19 will have potentially severe financial consequences for children inheriting property from their parents.

I have it advertised to rent now and I've got someone who is potentially interested in purchasing the house outright or doing a lease option. my questions are:1.) if I sell it out right, only having owned it for 4 months will I get slammed with self employment tax and regular income tax and not be eligible for 1031 exchange. or could I still call it an investment property and be able to 1031 because my intent was to rent it?

I want to GC these projects, perhaps starting with just one build, but would like to have someone with experience to offer advice/consulting to help with the process and ensure I avoid or minimize potential mistakes.

I obviously need to build a house on it to bring the value up to its potential (I don’t even know where to start with something like this) Then sell it?

I think selling and buying 2 more will be good for potential benefits of appreciation. 

Financing OptionsAnalyze potential properties for house hacking.Assemble a team of professionals, including a real estate agent, mortgage broker, and possibly a property manager.

I am sure he attached his information to the mailer, there is no harm or foul in calling and discussing potential options! 

Concentrate on properties with the potential to stand out significantly after a renovation.

Brown also fails to disclose here that she had twelve (12) deals under contract during the Agreement totaling over $600K in potential profit and the smear campaign began when her coaching agreement was due to expire.

I am looking for long-term investment property with the potential for appreciation over the next 5+ to 10+ years and not necessarily focused on cash flow and retirement.