Hi,I am new in this field. However, I been in construction, sub-contractor, in particular, flooring and remodeling for 16 years. Looking to transition from physical labor and earned income to more of the passive incom...

When you sell a rental property at some point in the future (at least a year out), this is not viewed as a flip transaction, but rather just a reallocation of the IRA from holding passive real estate to holding cash.Your example of buy, fix, rent for 3 months, then sell would likely be viewed as a flip, especially if you repeated this pattern with multiple properties.The IRS does not define a "flip" in clear terms, but has a full set of measures they would apply to real estate transactions to determine whether something is a passive investment or a trade or business activity similar to competing commercial enterprises.  

Carter enterprises, LLC so he might be holding some real estate in that LLC too.

There are a lot of LLC on the list.church's, holdings co ,trusts, IRA, property management co, LLC, banks, Enterprises, equities, ect.What ones of the above would you mail to ?

First off, congrats for being so enterprising so young.

This means I will be moving to Enterprise, Alabama in January 2019 for about 18 months for flight school.

Investment Info:Single-family residence fix & flip investment in Enterprise.

I did not speculate how most of those 90% earned their wealth other than that I though a lot were entrepreneurs (and disclosed this was speculation and that I had not seen any statistics on this).Have you seen statistics showing that a significant percentage of the billionaires earned their wealth via publicly purchased shares (versus shares resulting from being part of the enterprise)? 

Lending is the blending of the correct numbers to please the underwriters and salesmanship of the borrower to show that the enterprise will be a success. 

I try to be a part of big enterprises that can also withstand movements in demand and that are affected by national and international relationships, subject to competition, and are a part of world markets.