We'll be out there visiting before we make the permanent move to check out the neighborhoods.

(The trailer is on a permanent foundation and deeded with the land as real estate.)2) Is there a way my CPA can consider my $18k investment in the rental as coming from the $26k flip profit so I won’t have to pay income tax on that $18k?

Owners see their housing as a permanent solution. 

Built after June/1976, on a permanent foundation, some states require hurricane tie downs, and the well and septic are within legal distance form tank/home. 

But likely they would have to update their permanent residence.

Of course, contributions will be limited by earned income.Your tax situation is complex enough to warrant onboarding a tax professional as a permanent external partner on your team.

Purchase price: $20,723 Cash invested: $2,351 Sale price: $34,000 Mobile Home with permanent foundation on 1.2 acres of land.

If he does not make it good then at that point you have to figure out if you are going to simply use the 150 thousand loss as a hard lesson learned or whether you will permanently Destroy all future possibilities of Goodwill between you and your brother in law.

So I wouldn't recommend going with anything too permanent.

Hi _________, the biggest piece of advice I can pass along about selecting your first brokerage is this: regardless of which one you choose, it is not a permanent decision.