Advice on a route to take selling a house

[Nate Pucel]

Ok, so I bought a house in March of this year for approx. 43000 with the intent of fixing it up and selling it. I have a 15 month commercial loan so I was hoping to have it completed and sold within the window of over a year and under 15 so I could take advantage of the long term capital gain tax. Here's my thought process on the sale- put approximately 30k in and sell for approx 140k, which I think is doable.

Here's the thing though, as I read, I don't know if id qualify as a dealer and be taxed as such, or as long term capital gains. The other thing is, I lost my job, which is good and bad bc now id be working on the house myself, which I've already renovated my own, and potentially save more money, which is pretty important since this will now be my income since I lost my job.

My conundrum on all this is 2 fold. Ive been offered around 80000 for the house as is, which after taxes and everything else, would be less than 20k profit, but still for really not doing much of anything. However, if I fix it up, I could make much more than this IF I'm not classified as a dealer. My question is, is it possible to not be classified as a dealer if I'm only fixing up this one property? I literally am just starting out, no office or staff or anything, just me- this wasn't even my plan, I just sort of fell into it since I lost my job due to Covid. I'm just trying to determine my best route going forward. Thanks in advance!