@Jason Khoury I purchased my current residence, a duplex, from a local non-profit about 5 years ago.

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This would allow you to indefinitely defer the tax on the property and use it to purchase larger property/properties in a nicer appreciating area.

Before taking out profits, make sure you have enough set aside for unexpected expenses like repairs, vacancies, or larger maintenance issues.

.: I am trying to learn and understand... someone told me that its not just size of the home or level of the flip that determines profit, and that in some markets, what is considered a typical profit is 300k based on the 70% ARV formula.

The real estate market has shifted dramatically in recent years rising interest rates, evolving buyer and seller expectations, and fluctuating property values are keeping all of us on our toes. For fix-and-flip pros, ...

Because I need cashflow proceeds to start being withdrawn in 2 years and not today, I'm looking for how I can build up the empire with a larger portfolio with continued investments beyond the initial $250k now.  

The real estate market has shifted dramatically in recent years rising interest rates, evolving buyer and seller expectations, and fluctuating property values are keeping all of us on our toes. For fix-and-flip pros, ...

You do a 1031 to a new, larger property with even more depreciation.

In general, I have found everyone seems to recommend the Land Conquest free lessons and the Turning Profit podcasts.