re: 1 flip with full time job avoid dealer status?

[Mike H.]

Help me out a bit here. Just trying to get a sense of this.

If I were to flip one house that I bought under my name and sell under my name.
And if I have a regular full time w2 job.

Would that mean that the flip would be considered short term capital gain and taxed at regular ordinary income but that I would not be considered a dealer and - as such - would not have to pay all the self employment taxes involved with that?

I've done some reading and thats what appears to be true based on all the stuff I've seen. But nobody has been explicit in saying if that scenario is true or not.

Any chance @Steven Hamilton II

 can add some insight there?

Paying the ordinary income tax rate is not the issue. Its paying all the self employment taxes on what is clearly not "inventory" as an individual nor is there any intent to do any more of these things any time soon. 

A one time flip, the first one ever, and possibly the last.  And definitely not the full time income of the individual.  My take based on everything I've seen is that it would more than likely not be considered dealer status and therefore not subject to all the SE taxes.

Are there other things I'm missing that would suggest otherwise?