But, the sale of a flip is generally considered ordinary income by the irs subject to self employment tax.

Wouldn't the real estate carry back losses have to offset other capital gains but not ordinary income he made

You want to create a guideline for things such as, what kinds of maintenance requests are deemed "urgent" or "emergency" - and how will you handle those differently from an "ordinary" or "non-urgent" request?

It's an ordinary home in an older community of older homes, nothing special.

You pay that when you selDo you mean for ordinary income tax based on cash flow profits?

@Ed Balado Your private lender will be taxed on the interest income at her ordinary income tax rate, just like earned income from a job or interest on a bank savings account is taxed. 

Capital gains rates are often better than ordinary income tax rates.

So I guess we would have to see a cpa about that  This will be more ordinary income for him on both the sale of the inventory and interest on lent money, not 'capital gain'.I'm sure as a doctor, receiving more highly taxed ordinary income is exactly what he needs.

All we've really done there since purchase, slightly out of the ordinary is replace the sewer line from the house to the street connection.  

These are not ordinary times, though, as you know with Covid-related restrictions.