condo conversion short term capital gains tax

[Brandon Wynn]

Hey BP! 

I have a 4 unit building I am buying for 190k, that needs 200k in renovation and I plan to condo these units off and sell them individually. 

My question is, can I sell off the first 3 that will put me almost at break even and hold to last to avoid paying short term cap gains tax?

Aquire:190k

Reno: 200k

Conversion cost and money cost: 25k

Condo sale price:150k

I sell 3 for 450k and hold the last one for cash flow. 

I’m all in on the building at 425k and only pay short term cap gain tax on 25k. 

will this work?