And the moral of the story is to Not buy in a flood zone...would these properties also be a bad investment for buy and hold investments as well or just for resell ?

There is generally some sort of deed restriction for 30 days to resell.

Originally posted by Account Closed:Hello BP,I recently met with a local closing attorney and told them about my plan to buy renovate and resell houses.

They wanted to rehab the units and resell the property, but they were low on funds.

Run & build up the biz & occupancy for 2 years, then re-sell for a whole lot more.

If your intent when you sell the old property is primarily to resell then no, you would not qualify for a 1031 exchange and quite frankly it would not be good for you since you'll be trading the long term gain of the old property for ordinary income on a flip in a short period of time and paying exchange fees on top of that.You're working backwards to look at options and that's good but when doing a 1031 its important to start at the beginning with your intent and then let the situation as it unfolds determine whether your intent stays the same or changes.

So to me renting seems to be the only thing I could really do, and reselling it seems to be the only exit strategy available to me..

Also be aware of the park's approval process for when you aim to resell/rent the home.3.

I recently bought a home, and I had plan to resell it, until, a friend mentioned something about " dealer status" .

SF has been slowing down, both resell and rental markets, since q2 2017....When I first posted about it, I got smashed....