*This post does not create a CPA-Client relationship.

Now, if you're main goal is cash flow, then this is likely not your place to go, but if you're open to cash-flow neutral, then you're likely to see some great long-term appreciation.I've worked with an awesome investment-minded Austin agent when she was buying up in Denver, and she's got rentals in Austin that are doing well, too. 

So, now almost two years later, I've had to close my flipping business because I can not seem to recover from this loss. 

Hello All,I have found a few posts on this topic but still hoping for a bit of clarification in regard to this specific situation.I currently have a tenant that is wanting his good friend who is ill to move in with him so that he can take care of him.

This is not a "real estate rental income" activity as defined by the IRS, so whether you are a REP or not, you can take this benefit.All of this is separate from a QOZ Investment, which would require you to first recognize a capital gain from another source (say a stock sale), invest that gain, hold it in a Corporate or Partnership structure (likely partnership), meeting the substantial improvement qualifications of being a QOZB, and then yes, you get to avoid the depreciation recapture at the end of the 10 year hold period, at least for the portion of your investment attributable to the original gain that you invested in the project. 

@Vincent Paventa You may want to skip trace owners of rooming houses in your targeted area and call them directly, this would probably be your best source of sound advice.

If there's anyone who sees this that would be willing to hop on a quick 10-minute call to talk about possible career paths in real estate, I'd really appreciate it.

What resources / vendors exist out there for this?

I'd like to do fix and flips full time but don't quite have the capital to do this from the start.

Hello All,As an out of state investor who owns a few properties in STL, does it make sense to join this association?