(As mentioned, it doesn’t matter how long you hold a flip, it’s still regular tax rate, it’s inventory in your real estate selling business, not an investment.)

Locally it's tough to find deals that pencil out right now due to prices and rates, so househacking is a great way to invest in the Twin Cities market. 

Rates are much more favorable compared to an investment property. 

Is that really what other investors have for their mortgage rate?

Average occupancy rates for Ashford & Packwood are around 60-68%.

Also, cap rates are so low it's impossible to BRRRR.I have a big advantage in LA area because I have a contractor partner who can build at cost, however, I am wondering if there is any interesting markets 1-2 hours from Los Angeles that can be more realistic to start.Would love to start with a project under 1M.

They also offer Lend, which lets individuals get the mortage interest rate (currently 8%).

With today's higher interest rates, it's obviously much more difficult to pencil out deals.

Rentometer indicates the current market rate to be $3,000 per month.

Mentioned above: Lease all the properties at a certain rate.