My state has a large supply of tax deed properties in their possession. Are these homes good or bad to purchase from the state for wholesale flips in as in condition?

@Prash Manohar - Starting big picture and looking down, you can either increase revenue or decrease costs.

I've gotten them with banks based on a LLC's gross revenues up to $50K.I'm guessing $50K or less no doc$100K low docnot sure above that?

Does a significant portion of your company’s revenue come from the state?

FUTURE PLANNED OUT COME (Fall 2023): Once we stabilize the new return as a 3bd/2bth and we build enough history at the new revenue rates, (2023) we plan to refinance out of it on a DSCR type (Loan based on property income) and re-deploy that initial investment.

FUTURE PLANNED OUT COME (Fall 2023): Once we stabilize the new return as a 3bd/2bth and we build enough history at the new revenue rates, (2023) we plan to refinance out of it on a DSCR type (Loan based on property income) and re-deploy that initial investment.

Do not expect the resident to treat the property as if it was their own and keep some revenue on hand for emergency repairs.

You cannot offset your W2 or Portfolio Income (cap gains from stocks, mutual funds or 1099 revenue) with passive real estate losses - for that you would need to be a REP.Also Bonus Depreciation is phasing out but it will take a few years - it goes to 80% in 2023, 60% in 2024, 40% in 2025, 20% in 2026 and 0% in 2027. 

You can also have other people sign up for eXp underneath your name, and you will receive payment for every sale they complete with eXp (this is paid for through the Revenue Share Program and does not cost the person closing the sale anything at all).

I’d like some advice about how I could turn these houses with equity into more significant cash flow.House A is a rental that has about $150k in equity and $250/mo cash flow.House B is our current residence and has about $70k in equity.I’m thinking of doing a 1031 and taking the $220k from both houses and using it as the down payment to buy a multi unit complex for around $1M.Assuming the 2% rule, I would take my time to find a $1M out of state multifamily with gross rental revenue around $30k/mo.