i think that in C class areas for 1 BR it's going to be a little more rare for them to pay water and most include it in the rent. we are doing a 24 unit right now in a c area and all will be paying their own water. we plan to make the units very nice though. 

The bank also holds the stock certificate and the proprietary lease, which gives them that extra protection above and beyond any type of ordinary lien.

Unfortunately, your salary will be taxed as ordinary income and you’ll pay self-employment tax on that portion.

Short term capital gain rates are the same as your ordinary income rates. 

It reduces taxable income from the property and if that income becomes negative, it is subtracted from other passive income (other property that may have positive income) or ordinary income (if you make less than $100K or you are a real estate professional) or is carried over to the next year.Once the property is sold, all previous depreciation becomes a subject to recapture - it is added to the income and taxed at a special rate (20% or so - ask your CPA).

If you are doing this frequently, try going to companies in your area and get some kind of a contract so that you pay less but more frequently than an ordinary client.

It's ordinary property and regular personal income.

This book can ruin you for the ordinary. 

. , indeed a good quick flip at 83% of ARV.Mind my asking: your gross $35k profit shrinks by buying/selling transaction costs and then you pay full ordinary income tax.....you're selling the type of property a fix/hold investor wants to hold?

Of course he will pay tax on interest at ordinary tax rates but this is "free" money to him anyhow.