Easy sign up for a sole proprietor.I think new flippers are consumers & don't understand a business mindset.

I had to go that far away due to the insane cost of real estate in Boston, so I fully understand the predicament.

Unfortunately, this problem waste a lot of my time that could be spent on other investments.I have used the same tax professional for many years and he is very educated, but also much older than me and it's hard for me to understand all the reasons he has expressed why is better to put the rental on my personal tax returns.

This is a new strategy and platform, so any question is a good one so that everyone can best understand the process.

@David F.As Russell mentioned co-ops are probably 1/2 the price of a condo and you would also have extensive costs to set up a co-op and typically it’s my understanding the builder funds the first 1-2 years of reserves.

I understand if you want to sell 1 of the lots, but I'm not sure about your concern about paying off the debt so that you own it free and clear. 

My best understanding from talking to reps is they have one local employee (in addition to vendors like cleaners, landscapers...) per 10 listings/properties. 

Past success is a good indicator of future performance. understand the risk if the project takes longer or costs more.

Here's a post I made on "non-conforming" vs "illegal/unpermitted", understand they are NOT the same thing.

Before finalizing anything, I wanted to get a better understanding of how to evaluate different real estate opportunities and what challenges might be posed.