With the knowledge I acquired, I found a market and purchased 3 cash-flowing properties in Kansas City, Mo in Class C neighborhoodsHowever, I've come to realize there is much to be gained from BRRRR/Flipping in areas such as this, and that is attainable for me (Out-of-state investor). 

ConLong hold periodMust have capital gains to contribute to fundMany rules to followProDefer payment of taxAcquired asset can be sold tax freePros > ConsTalk to your CPA

The market has exceeded 16 million sq. ft. in annual net occupancy gains since 2014.• Sustained occupier demand has led to landlord leverage for new leasing transactions; new deliveries have not supplied much rental relief due to elevated construction costs. • More than 22 million sq. ft. is currently under construction, which will provide needed space options to a tight market; any future impact to overall vacancy is expected to be negligible to none.Office• Sublease availability has roughly doubled since the beginning of the COVID pandemic, from 3 million sq. ft. to nearly 6 million sq. ft.

In my opinion you are over-valueing short term gains instead of thinking about the potential of stable, lucrative long term gains. 

It does not go here.See if there is other ongoing work you could do for them to gain a few percent more equity interest in the project.

@Kellie Ritter,Also, cash out refinance you will not get hit with a capital gain tax.

They have to pay a huge capital gain tax and can't live in a similar area if they pay that. 

I plan on getting into buy and holds so I'm looking for a job that will help me gain the skills needed for general renovations, as well as providing w2 income to help secure a loan.

Hey BP fam, I'm a rookie and I formulated a list of experienced investors in my local area I'm going to connect with throughout the next few months.The point of this is to gain knowledge about the industry, my market, and learn some good pointers in general. 

With all the talk in Washington, the taxes may be significantly higher than they are today for capital gains and 1031 could be eliminated.4.