Capital Gains?

[Jason H.]

I have owned a rental property in Colorado for the last 2 years. With the market now skyrocketing I would like to fix the property and sell in order to gain capital to begin fix and flipping on a regular basis. However, after doing some research on capital gains taxes I may just keep the rental use my HELOC to purchase another rental. I owe 175, if I put 40 in I could hopefully get 300. But, after paying capital gains tax, repaying the HELOC, and closing costs that $125 profit would be down to about $45! What would be the smartest idea? And how do individuals stay in business flipping houses with having to payout so much in either their regular tax rate or capital gains for over the year mark?