When we make a loan mod offer, we re-capitalize the arrears into a new UPB.

Many folks start with turnkey because its simpler and lets them put capital to work while they learn the ropes of higher-risk strategies. 

From some of the research I have done it seems like a lot of people recommend doing a flip first before purchasing a buy and hold in effort to build more capital.

He does not want to do a reverse 1031 for the high fee and potential that the apartment building may not close, and would like to still be more flexible in his timing, because he could do a construction 1031 and get rid of all capital gains on this one project.

. - some obvious answers from me, but owner financing and leveraging a partnership to handle the capital are viable options to keep your momentum going.   

I have the necessary capital and credit, I just dont have the income just yet.

Pillars will be established to avoid damage to the postal box.Investment offeringWith capital improvements of well over $100,000, asset repositioning, and asset stabilization we believe this will have a final result of a stable and prosperous asset.Current Asset financials (Annual figures):7 rented lots - $18,4801 Manager rented lot - $013 Park owned homes - $68,120Total gross income = $93,200.

The expectation would be that I can at least do 4 flips a year (average $30K) to cover our living expenses and let the rental income build up the cash reserves month-over-month for vacancy, repairs, capital expenditures, etc.; however it would be a safety net from month to month, if needed.Request: I want to know any and all of the possible financial or other real estate investing issues that I might come up against that I need to be prepared for that could put me in a precarious financial situation.So please, unload any and all possible events that would make this scenario something that would put my financial situation at risk.Thanks for your time!

I am assuming a property held for 2 years you are taxed capital gains at 20%. 

Are you limited on capital?