@John KimThe tax rate on a short-term capital gain is the exact same as ordinary income.What you're really worried about is SE taxes.It's unlikely that this will be capital gain treatment. 

@Kendra EllisThere are many factors under case law to help determine what is an investment and thus capital gain, and what is property held for sale and thus ordinary income potentially subject to SE taxes.The preeminent factors are intent at the time of acquisition and intent while holding it.If you acquired these properties with the goal of renovating them and flipping them for a profit, it would be very hard to argue capital gains. 

This neighborhood is in the Olympia WA, 98501 SE division...super sought after for schools and location.  

Lots of people utilize an S election on an LLC which they use for flips to reduce SE taxes.

Hello everyone my name is Elmar Deshae and I'm 22 located in SE Iowa.

I'm a firm believer that your first few deals probably won't make you rich financially, per se, but definitely rich in knowledge and experience.

When I lend I get a waterfall of sorts as well but not equity participation per se.  

Found it on Amazon but I'm not promoting:)  I'm looking into it to grow my team Residential Renters in SE Wisconsin. 

Hi all, I'm currently under contract to buy a home that needs work done in the crawlspace. Does anybody have a good referral for the Metro Detroit area? Around Warren to be specific. If anybody could give me a ballpar...

In the SE/mid-west, a rule of thumb I've heard is 10/sq ft for "light", 15 for "medium" and 20 and up for "heavy."