The outcome of the E 2nd St, Junction City deal was a fast and highly profitable flip.

You might find saturated areas at prices that don't make sense for your numbers (not profitable).

The defendants siphoned off more than $31 million in profits from their criminal enterprise.

If you sell houses to buy a primary residence you will pay tax on the profit, PLUS recapture the depreciation deductions you will be taking on your taxes each year.

You've obviously read renting out properties is easy and profitable - but, have you looked at when the material was published? 

So if you have a business entity other than a sole proprietorship you will file that business return and receive either a K-1 distribution or pay corporate taxes on the profit. 

The defendants siphoned off more than $31 million in profits from their criminal enterprise.

The cash-on-cash return for my co-hosting ones are basically infinite because I put zero down in monetary value (sweat equity and experience are another thing) to make a profit.

If so they would have sold their house for (ultimately) $75,000 more than they did; received 9% interest (probably as much or more than if they invested the proceeds) on the amount they were waiting for, and if by some small chance the borrower/buyer defaulted, had an opportunity (along with the frustration, cost, etc) of reselling the property and obtaining a “windfall” profit.2.

While the lack of income tax is a huge draw for many, I agree that property taxes can quickly eat into profits, especially for investors renting out properties.