Having been in the lending space for a while now,  Interest income is not passive - its considered/taxed as ordinary income- just like interest you receive from your bank and savings account.Regarding profit and expenses from a flip, "that depends" on many factors but again if its short term capital gains, its not tax friendly.As always consult with your tax advisor / CPA. 

Big difference because properties listed in the MLS are syndicated to the top websites.Keep in mind if you advertise to investors, then they are paying investor prices.

as you know I have done equity share in my lending bizz for many years it works well if the deals are working well.. :)  but my equity share is controlled via debt or direct ownership. 

It just starting to feel like its impossible to get less than 100k in lending no matter how secure the deal is

I spoke to my lender and they advised me to wait a year or 2 before applying for another mortgage since I just purchased my primary residence.I was thinking of looking into a Hard Money loan instead of traditional lending in order to start this project, in hopes of selling the property once fixed and paying off the loan.

I live in Boston and the syndication is located near Pittsburgh.

I suggest you look into commercial lending, to learn about it before you require it, and start looking for people in the lending space who can assist you as you move forward and with whom you can develop relationships.You now have mad skills and experience doing the whole demo and rebuild, and if you can repeat a few times, your one deal enables you to add a couple others.  

Passive for me meant investing with others (through syndications etc).

We specialize in the bank statement lending space.

YES  How was your experience with the lending process on this?