I am new to BP, I have been a lurker for quite a few months, never making an account or posting.I have no experience in any deals within RE, I am just a regular securities investor and a consultant as my FT job.

You will be taking IRA distributions and paying regular income tax on the amount.What you will gain by using an IRA format is keeping the full amount of the current retirement plan available to invest.The alternative would be to take a distribution of the current 401k and pay the taxes on that money, then you would have what is left after taxes to invest.

I could understand why a short sale would make a good flip because the price is discounted, but regular foreclosures?

If it is a regular closet, people open the door see depth and height and close the door.

For the out-of-state flippers, how do you manage and monitor your rehab work from long distance without traveling to the site on a regular basis?

Short-term capital gains are taxed at the same rate as your regular income.

I used an ugly yellow postcard 4" x 5.5" glossy front, same message both sides, sent with a regular postcard stamp (not bulk !!) 

Here's a general overview:130 acres of land split between two parcelspreviously operated as a golf course until the owner passed away; it has since been shut downalready has a septic system for the club house/restaurant that has been maintenanced regularly (not sure how many homes it could sustain)land was evaluated by a developer, but was written off due to a lack of public water/sewagetownship told me (not in writing) that public sewage and water will likely go in within 5 yearsthe land is aesthetically pleasing with rolling hills (slight grade) and a few pondsOwnerswell off financially; want to sell but are in no hurry; they are considering a few optionswilling to work out flexible terms: owner finance, lease, lease optionrequire that in the event of a lease or payment delayed owner finance situation, that the taxes are coveredLocation2 minute ride to the highway11 minute drive to a Walmart Supercenter$93,000 median home sale priceone hour outside a major metro6.2% unemployment rateStartup Capital Required: Property taxes through-out development of first phase of MHs until income producing; then split profit, begin payments, etcEngineering plans for 50 homes (expandable to 200 based on demand)surveys, environmental assessments, permittingdesigned to eventually tie-in to public water and sewageConstruction of lots, roads, and foundationsPurchase of new homes to be sold offI believe there is a significant demand for a family friendly park, retirement community, or both. 

In the Airbnb classes we teach in the Denver area, we hear all the time about someone who has a spare bedroom in a regular neighborhood near nothing at all ... and they make enough over a year's time on Airbnb to save up and buy a property. 

The above streets I mentioned seem to get the most calls on regular basis.