Tax benefits are great, and the ability to extract equity without selling is very beneficial when trying to scale.You don't have to BRRRR, you an always buy an apartment, fix it and flip it.

As I mentioned, as the house will not be generating positive cashhflow when I am in it, I will be saving for downpayment on my W-2 income.Sorry for the long post. 

This story encourages others to start small and invest in areas that seem out of reach, demonstrating the value of long-term thinking in real estate.Good luck!

Hello,I am brand new to BP- looking to invest in rentals and flips.

I just partnered on a owner financed property ($1,000 a month principle only for 10 years with a $60k balloon), and do flips with another partner whenever we can find the opportunity. 

I am looking for long-term rental property investment opportunities but none of the cities that are published as best places to invest meet the 1% rule.

Plus, because of the high appreciation dollar, when you go to sell, you will likely net more tax free cash assuming you lived there 2 of the last 5 years.There are some opportunities here in the Los Angeles area if you are willing to do some rehabs and hold it for the long run.

@Alexander PhillipsAs long as it’s vacant the day of closing and your inspection - not sure you have a way out of thisIf you walk away you could lose your deposit

., allowing flippers to invest with lower upfront costs.Growing Job Market: With industries like logistics, healthcare, and tech expanding in Memphis, demand for housing is on the rise.Steady Appreciation: Home values in Memphis have been steadily increasing, providing a favorable market for short-term flips.If you’re looking to get into the house-flipping game, Memphis offers the potential for high returns in a stable, growing market.

Also, have a contingency fund in case costs exceed your expectations.Long-Term Hold or Flip?