if you buy, develop properties and then sell them.You are considered a 'developer' and the land / houses are inventory. therefore, the income would be ordinary and not capital gains.

Are you buying to occupy or rent out?

Or, you can sell it to someone who is more equipped.Some may buy the deal from you, knock down the eight plex and build all new.

I would be interested In buying with seller finance.  

Their figures aren't the exact amounts that I actually invest/buy/sell.

I am considering buying a property that I would like to use occasionally (6-8 weeks a year) while in Tallahassee but set it up as a STR when I am not in town. 

Stepping it up a bit and moving from buy and hold to flips. 

Has anyone had any success contacting the asset manager of a bank to buy an REO property? 

There are some exceptions, but they are rare, they have access to funds, and they typically built their empire when the timing was right and got lucky.Likewise, it's not often that you can buy a house and sell it for big money six months later.

Which do you think will be more competitive, buying from wholesalers or your own referrals?