But I agree you gotta play by the rules, I'm seeing guys drop left and right, a lot of it is because of the economy but part of it is because they try to cut corners and not treat it as a business, I'm grateful for my contacts and try to do my part to keep them, seems to work well, I am able to stay busy without advertising :D

In the past I have (incorrectly, I now realize) treated fix-and-flip income as short-term capital gains.

Nasty, nasty, nasty.The good news is that subfloor isn't too expensive and it's less work than "sand, treat, and seal."

I'm not sure if we should pay for a professional to come out and deep clean, if you want to get any of your deposit back I would have them Steam Cleaned and Pet treated, I have seen carpets saved.

A C corp is the best option to retain earnings and while you can set up an LLC and elect to treat it like a C corp, I don't know of any benefits to doing it.

An LLC can be treated like a sole proprietor, partnership or corporation for tax purposes.

[My feeling is your reputation as a fair ethical business person is compromised if you don't treat each transaction as being fair and equitable, Would you PERSONALLY do that deal?

You might want to think about using a piece of treated lumber instead of brick.

It occurs to me that in the BUSINESS BRIEF ( http://www.ada.gov/svcanimb.htm ) "People with disabilities who use service animals cannot be charged extra fees, isolated from other patrons, or treated less favorably than other patrons.

Just checking.I'm treating this as a project, and yes, I'll definitely learn a lot from it, which ever way it turns out in the end.