Case law cites that “the presence of frequent sales ordinarily belies the contention that property is being held for investment rather than for sale.”To your point, the OP can likely report this one off flip on Schedule D as a case cites below:Reese v.

Tools and materials will not be lying around.- Electrical boxes should have wires tucked back inside.

Tools and materials will not be lying around.- Electrical boxes should have wires tucked back inside.

This is important to know but can be lied about very easily.

You'll do yourself a favor by kicking them out and it will possibly help them to get their financial life straight by moving into something more affordable.They could also be lying to you.

If seller wants to hold a note due in ten years you would be lying to them in wholesaling to a flipper who intends to sell in ten months.

Check references, previous landlords, proof income, and (it is going to sound corny) check social media to find details about their life, any evidence that they might be lying.

We are trying to avoid green light syndrome that Avery describes in her book and not overstep our abilities or get in over our heads, but I'd be lying if I said I don't see opportunity and want to learn more.

I would be lying.

I would be lying if I said I'm not a little nervous about being 1,800 miles from my investment properties.