The difference between the two is that profit from a flip is subject to self-employment income taxes in addition to the ordinary income taxes.Your situation is the sale of investment property, which is not a dealer disposition; therefore, only short term capital gains tax applies.

If it matters to you it might be a good idea to look up these numbers (how old is x) before entering a binding agreement.i agree, taking a seller's agents word for anything is like talking to a car dealer. he will do what it takes within reason to make the sale. he covered himself by telling you fairly. we have to be one step ahead of them to close things out correctly. its akin to children sometimes they choose their words so they dont get into trouble but once you ask for specifics, they are busted !

I don't think I am classified as a dealer, since I do way more rental business than reselling.

I have financed cars with a dealer for a better deal as they get the points from the loan and pay it off at the end of the month....LOL, GMAC loved that I know.You do not need a new car!

Do you mean someone drug a stick across the fins and there's one grove?

Only purchase from a reputable dealer or if you can test the appliance.

I share this with you and any other person/s as a general and Manufactured Home contractor, manufactured home dealer, real estate broker, developer, investor, property manager and last but not least an EXPERT WITNESS & INDUSTRY EXPERT on cases such as these for the past 20 plus years. 

If they're running a drug cartel out of your beautiful Hermosa beach home or partying every night ... you have an obligation to provide the housing as you accepted the rent in advance.

I also didn't change the locks on one and put about $500 worth of fixtures in the house (still in the box) that were gone the next day, but the previous occupant had a drug habit, I bought the house from his dad. 

I'll willing to install them myself, if I can find a RTA/Knock Down dealer the will sell it assembled.