Quote from @Greg Seivert: My accountant doesn't seem to fully understand REPS, which I qualify for. 

Make sure you atleast work with a professional who is in the tri-state area who will more likely understand the NY state tax laws.Some concepts in the NY area that are different than states1) MCTMT Tax2) NYC not recognizing S-Corp status3) Differences between Federal / NY tax laws such as bonus depreciationBest of luck!

But I totally understand where you’re coming from, and I agree—no one should be treated like dirt.

Now, I'm at a point where I’m ready to take the next step—fully commit to understanding this business from the inside out.

It sounds like you're navigating a challenging rental market, and it's understandable to feel confused by the discrepancies in rental rates.

Not to get off subject.. but investors take on risk they dont understand when they buy out of state ..

Make sure you understand that process very thoroughly before you undertake it, as there are many timelines to follow.

If you are looking to broker loans - that is why many do it but before brokering a loan you need to understand how to price them, which is typically best done when buying loans - similar to real estate wholesalers, you ahve to be able to estimate repairs and work backwards, with notes you need to also know how to price them and undersatnd collateral.

I understand that DC is tenant friendly.

Here’s a simple way to get started:Learn the basics: Read books like The Book on Flipping Houses by J Scott and listen to podcasts like BiggerPockets to understand the process and pitfalls.Build your team: Flipping is a team sport — start connecting with real estate agents, contractors, lenders, and other investors.Study your market: Get to know where good deals happen and what buyers want in your area.Start small: Consider partnering on your first deal or wholesaling to build experience without huge risk.Focus on financing: Understand your options — hard money loans, private lenders, or personal savings — and plan accordingly.Flipping takes time and patience, but with consistent learning and networking, you can move fast.