California Capital Gains Question

[Jack O.]

Hello my wife and I are somewhat new investors in California. We've just sold a rental which was previously our primary residence. Our profit from that transaction was tax free, and now we're looking to buy a house to flip with some of the profits. Can anyone help to explain the capital gains tax implications here in CA for the sale of a fix and flip property. Looking forward to hearing from everyone!! Also our goal is to flip between 3-10 properties per year. All ideas and formulas/parameters would be greatly appreciated. Thank you!! Jack