So, if you live in a house for 6 months, fix it up, and sell it- it's my understanding that we will have to pay the short-term capital gain tax.

You want to get farther along in your plan before buying anything, wholesaling is not easy, make sure you have a buyers list first and understand exactly what buyers are looking for before you make any offers. 

I understand I will have to sacrifice a lot to get this done.

Its a very sophisticated structure, so just make sure you know and understand the mechanics of it.

Hi all, I understand that every leader is different but are there options for extending a commercial loan?

Seems to be difficult to do this and I can understand why, the loan would be for about 27K, the current rate is 6.7%, is this a good rate right now, should I just keep it and continue paying it down?

I’d really love to fix and flip and buy long term rentals but I just don’t have the cash yet and I understand that hard money lenders are very expensive for new investors.Any tips or legal advice for this area would be very helpful!

I took out a private loan from a family member to purchase the property, and from what I understand I will need to assign the loan from my name into the LLC as well. 

If it's out-of-state investors you are targeting, really get to understand their numbers and tolerance for risk.

Point being $100/month/door is just a number unless you understand its underlying assumptions.