But we can essentially create cashflow by creating paper losses.

The Real Estate Investing Rules for BIG Returns (1%, 10%, 50% Rules) All rules are just starting points.

It seems much more efficient for:Bookkeeping & Admin: Dealing with one set of bank accounts and one set of filing fees (vs. paying $800+ per entity in some states).Credibility: Building a stronger credit history/relationship with lenders and vendors using a single, aging entity.Taxes: I was hoping this would allow me to prepay for materials at year-end to manage taxable income, though I've heard the IRS "Inventory/Dealer" rules might block that strategy regardless of the structure.The Concern:My main worry is liability.

typically in okc we are seeing duplexes (especially newer ones) going for well above the 1% rule so you should estimate for more I would say. 

Never think about the 1% rule again.

From my experience/mistakes, I would create a model that hits the high-points, and then use your experience and knowledge of the specific deal to refine your "strike prices".

Beyond that, there isn’t a universal rule for how long you should stay.

It has a comprehensive list of rules & regulations.

- Want to create a team ( need investor friendly local real estate agent and property manager )- Since I'm not in the market, any virtual RE meetup?

Quote from @Katie Alexander: I purchased a home on a corner lot With the ideal of creating a buildable lot because the existing home is very close to the front of the lot.