Long distance landlording is a different type of investing.We've had long threads about "cash flow not being king..." 

I've been an agent for 10 years. we also do 3 story triplex on infill lots in columbus and that's been a very popular and of interest of people. 

So my current buy box for fix and flips:Location: Richmond, VAProperty Type: Single familyPurchase Price Range: 50k - 200k Est Net Profit: 10-20kRenovation Type: Cosmetic or alittle more.Holding Period: 6 months or less.I would love to have a call and get any advice on how to make it more flexible or robust when presenting to agents or referrals. 

Could readily be up to 40% in taxes depending on the circumstances.Assuming this project was gone into with the intention of flipping it (that is the wording you used at least), it is self-employment type income subject to ordinary income tax rates and self employment tax. 

What made you interested in investing in this type of deal?

Hi,I'm looking to invest in real estate out of state, what type of investment would be best for someone looking to build a real estate portfolio overtime, out of state?

I tend to agree with Peyton that it is really good to have an idea on the type of financing you are wanting to do (Hard Money, House hack, Conventional, etc.) and get an idea on the folks to deal with.

If so, it might be very hard to do any type of cash out refinance for a while. 

@Erin Dorsey Robinson, we have exactly this type of rental ordinance in the municipalities near me in PA.

I think the reason why people view it as a loophole is that it is taking the material participation test and applying it to a more "passive" type of business. 100% you are correct, nothing shady or ill-intended going on here