Capital gain tax, what do you all do?

[Soren Ager]

Hello everyone

Long story short.... bought another house,and was set on making it a rental, but there is real potential to renovate the house and make a decent profit. I have all the numbers in place, and of course when it comes to capital gains tax, that is where I am a newbie (I know the %) 

My question is simply, when you all do a flip do you just pay the capital gains tax or is there ways to be smart about it? I am only asking for legal ways to do it.

Thank you.