Holding a flip long enough for avoid higher taxes in PA?

[Anton Bachuk]

I am looking to get my feet wet in real estate and found a property that is in need of renovations in western PA. One thing I'm trying to figure out is just how quickly can I flip it. From what I understand any profit from the property I unload under a year would be considered "investor income" and can be taxed up to 37% and anything over a year would be considered a long term capital gain which falls in 0-20% tax bracket. Is this accurate?