I don't want to buy something that looses money, but, I really like what I have seen in the development and progression of area, especially the stretch between Dayton and Cincinnati, which has come a long way even since I graduated med school back in 2010.

At least that is what my med tech brother tells me they do in the hospital :-)  

Well, your profit from a flip is not capital gains, it's ordinary income and subject to self employment SS/MED also of 15.3 %.

We also see a steady stream of engineers, construction workers, and med students in residency.

First, it's not gains....it's ordinary income, with self employments taxes (SS/med).  

I just read an ebook on the internet about an individual starting a business while attending college for pre-med school.

If I hadn't taken my pain meds for my back after falling on my tail off my truck, I might add some more, this comes to mind first

I need me!!! :D

@Chris Clothier, I lived in Memphis for a few years in med school so I know the city fairly well.

Flipping profits are taxed as ordinary income, including SS/Med, and not deferred by reinvesting.