Let me know your favorite ways to do a deal like this.Property is currently not listed on the MLS and it's owned by another local investor / contractor.Let me know your thoughts?

How do you ensure that properties comply with local regulations and ordinances?

When commercial lenders are evaluating a first-time CRE investor, they like when the sponsor is within driving distance of their first investment, so pat-on-the-back for staying local on deal one, it makes it a more prudent transaction for all involved. 

You will need to work with a tax professional to analyze your current tax situation (income, deductions, activities, etc.) as well as projected income from the fix and flip business.The benefits have to outweigh the costs (payroll costs, additional tax returns, more stringent reporting and compliance requirements, etc.).One important note - an S Corp is not an entity; it is a tax election.

I am currently active duty military serving at Joint Base Pearl Harbor Hawaii.

As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!

Are you attending any local REIA's/networking events?

He invests himself, specializes in investment properties and has a great pulse in the local real estate market.

I too am a local here in South Florida.

To win, talk to locals, analyze the market, and ke­ep learning.