If the activities rise to the level of a trade or business and you/the entity are/is a dealer with respect to the mentioned properties, the income would not be capital gains but instead ordinary trade or business income subject to SE taxes.I'd recommend you engage a professional to help make the decision (especially if you expect first year net to be $300k), as there are qualitative and quantitative factors that need to be considered. 

Now, I don't have a problem with manufactured homes per se, the issue is I would (very obviously) own the best house in the neighborhood - the complete opposite to what I've read and accepted to be sound investing advice.

Additionally the debt had to be non-recourse since I, as a person, was not an owner, per se, of the property.

Additionally the debt had to be non-recourse since I, as a person, was not an owner, per se, of the property.

Se if you can eventually intern at a commercial firm close to you in the asset class sub niche that you have interest in such as (large multifamily, office, warehouse, retail, industrial, self storage, etc.)  

For larger deals, SE USA (FL, GA and NC) since they have lower costs and good job growth.

If you're looking to buy or sell in SE Wisconsin, Vanessa Taylor is the person you want to work with.

Individual Income Tax Return).Schedule C (Profit or Loss from Business) or Schedule F (Profit or Loss from Farming) as appropriate.Schedule SE (Self-Employment Tax).You can download these forms from the IRS "Forms & Publications" website.

If you want to be in a duplex, consider Round Rock, closer in NW Austin, or S/SE Austin. 

I am currently working on putting together my "team" or my "circle" per-se as I get into Real Estate investing.