It’s ordinary income tax plus ss/med taxes, not cap gains, either way. 

It's in the Med Center area near East Sac.

Pitts has a stable eds/meds economy with the tech sector now starting to really take off.

Kauffman foundation and other entrepreneurial activities, KU med and companies like Cerner, Garmin, AMC, HR Block and all have headquarters here.

A lot of med students and especially doctors or nurses that can afford it prefer to live south of Gough street towards the harbor.  

The rehab will be done in a couple weeks I would prefer not to wait the 6 months - it was a light - Med rehab - only a few weeks.

This property is steps from UCD Med Center.

@Joe Farruggio Flipping income is not short term cap gain....it is taxed as ordinary income, including the 15.3% med/ss.The section 179 depreciation for vehicles/equipment has it’s own requirements, including the % of time the vehicle is used for business.

When I move out, I plan to also convert that to an MTR as I understand there's a lot of med students and travel nurses in the area.

My husband and I are empty-nesters just beginning our real estate adventure. We have a 3 bed 2.5 bath home that we are planning to move out of to house-hack a multifamily property. What's your best advice on convertin...