Fix and flip Tax Questions

[Kyle Sewczak]

I am just finishing up my first fix and flip- it's a condo in Aurora, Co. I'm looking for a bit of insight from somebody with a little knowledge on how taxes work for a  situation like this! I will try to keep it easy to follow. 

Buy: $185k

Rehab: $26k

Sell price: $250k

gross profit: $34k

i'm getting mixed information on how my profits would be taxed. The property is under my name, but I have a business that i'm expensing the rehab to. Since I am doing most of the work myself, would it be beneficial to charge my business for labor, and write myself a check for something around 15k, reducing my shown profit from 34 to 19k? Would my personal income be taxed differently than the business income? I understand there is a 15% self employment tax, but I'm not sure if I would fall into that category or not. Would love to hear some feedback or have a conversation with somebody!

p.s. - I would like to focus more on buy and hold properties by using the BRRR method, however the numbers on this one just didn't work out for that. I'm 19 and just recently quit working in construction to pursue real estate, and decided it would be better to build up some more capital to look for a little bigger and better deal, especially since I no longer have an income to borrow against.