If you bought a property with the intention of renting it, then got an offer you couldn't refuse and sold it within a year it would be taxed as short term capital gains. 

But if you go to an owner you must find a way to provide value to make your proposal more attractive then someone's else.Know that anything over 4 units = commercial... different rules and different buyers.

@Wes Short Thank u and i will follow u advice

In short, if there's 6 or more adults living at a single family home, you're supposed to get a permit. 

.- Purchase a 2-4 unit with an fha loan- After one year, I can buy a 1 unit with a HomeReady loan w/ 3% downB)- Don’t refinance fha - Buy a 1 unit with HomeReady loanThe opportunity cost here is not refinance get fha and missing out on an additional stream of income from getting another multi.I just started with my research and I know there is more out there.What I highly suggest those starting out to do as a short term plan is- buy a 2-4 unit with the HomePossible loan w/ 5% down- after 1 year, buy another 2-4 unit with an fha loan with 3.5% down- after 1 year, buy a 1 unit with 3% downI heard this plan recently on the JF1401 podcast.

I'm attracted to the stability of SFHs and duplexes with long-term renters, though I hear vacation rentals can cash flow really nicely if you get 60%+ occupancy. 

Since that time I have participated in countless training, Masterclass, Expert, and 1 on 1 sessions with short term rental experts as well as the LuxHomePro team.

I based my selling price at 8.87% cap I think that is an attractive ROI at $279,900.

I’m going to keep this short and sweet, I’d be more than happy to talk with anyone on this topic, my cell number is in my BP profile. 

I’m going to keep this short and sweet, I’d be more than happy to talk with anyone on this topic, my cell number is in my BP profile.I’m currently a Captain in the US Army, and I have a knack and a love for commercial real estate analysis.