1031 for owner occupied?

[Ralph Palma]

Hi, I think this is more a tax question, looking for best outcome in this particular deal:

buying a property that need repair, will live there but will put it for sell as soon as the renovation is completed.

1_Should I purchase as Investor or owner occupied?

2_Do I need to do a 1031 for owner occupied?

3_New investor so this year 1 purchase (buy, renov, sell) will the profit be treated as Ordinary Income or Captial Gains?

    especially if I'm owner occupied.

4_Eventually I will buy & hold/rent, but not in this case

thanks Ralph