Flipping is essentially a job, leading to ordinary taxable income.The good news on the SS is that if you have a job and then flip a house or two, you can get above the maximum withholding pretty easily.

I would suggest you both try to project your total hours to invest in the project and see if the work is roughly even.Otherwise if he is pricing the job the 'normal' way from his perspective, how much would you charge the 'normal' way to serve essentially as a general contractor on the job?

., contracts that remain essentially unfinished for a period of longer than 180 days.

I guess my question is pretty open but, essentially, I'm open to recommendations as regards to marketing, strategies, etc.

Essentially, I have three months until I leave for college.

I am a newbie at this, and have recorded all of my expenses in a spreadsheet and I have receipts, bills, invoices, etc in a pile and now I'm wondering what the heck to do with all this paperwork??

But again, all the paper work needs to have been done with that in mind.4) I am not sure where you are located, but you call a mover and have the home pulled out.

In the event you move out before it's ok to do so, you would essentially be committing occupancy fraud, and if im not mistaken, it can trigger an acceleration on your loan."

., how are costs paid for, profits split, what's the timeline, expectation - essentially all the partnership stuff.

Find a solution to the problem and if you can work it into a deal, set the paperwork up or maybe sell it into a investor.