It will depend on how well your records are kept and organized.

Condo's typically are cheaper entries but have additional HOA costs which usually eat profits. 

They are much riskier and most often lower in profitability.

Paying 12% would wipe out most profit for me

You need to think/act fast so that you do not have deeper issues on the construction side to the point that you start to lose on profits or cannot get the deal sold and lose all your money.1.

Find out more Sep 9-10 when the non-profit US Hemp Building Foundation hosts HempBuild 2021, an online conference with dozens of speakers to educate and inform on this exciting new green-building industry. 

I do not really care about making profit.

In the event that the activity is determined to be dealing inventory by the IRS, the total taxes on the profit are high...

There are a ton of builders right now in South Florida as that is where the profit is at.

Make sure to keep your business finances separate from personal ones, and use something like QuickBooks to keep everything organized.