Developers have already started renovating old buildings and turning them into luxurious apartments.Be careful of where you decide to invest though because some bad apples have been coming to the area and causing trouble. 

Not all lenders can do that, but...for instance...I'm actually a District Manager with Build 2 Rent here in Florida and we have off-market investment properties (both occupied and vacant) that you can purchase with our in-house lenders and interest rates in the low 4's because of the incentives we currently have available. 

Flipping houses can be profitable, but it's essential to understand the tax implications:1.

I have a very specific tax question regarding the UBIT (Unrelated Business Income Tax) exemption in Solo 401(k)s that is normally triggered by UDFI  (Unrelated Debt-Financed Income) in IRAs.  

I plan to just keep building up the account slowly while focusing the majority of my savings on 401k, HSA, and hopefully at least one larger syndication deal each year.

Whether it’s discussing multi-family apartment communities, exploring new investment strategies, or sharing marketing tips, I’m eager to contribute and collaborate.Looking forward to engaging with you all and building meaningful connections!

@Edward StephensHere is your answer:https://www.biggerpockets.com/forums/51-tax-legal-issues-con...

PS - I'm looking at building one myself, so happy to let any of y'all use it (at no cost) if you would like to chat.

Explain it is more expensive than you thought to own the house (real estate tax reassessment, etc) and you want to escrow for making future improvements.

So I would focus on continuing to build / save money and if a deal comes along, then look to take advantage of it, but do not force things or manipulate #'s to make a deal look better than it is.