With that said, below are some tips on how to find a local CPA.Your first choice should be to find a CPA that specializes in real estate taxation and one that is local.

It sounds like your life has "turbo-ed" beyond Turbo Tax - so I recommend finding a resource who specializes in taxation. 

This article addresses taxation as capital gain vs. ordinary income, but to Bill's point, it mentions the nuances of intent.https://www.thetaxadviser.com/...

One reason is that less than 30 days starts to fall under the Taxation Rate of Hotel/Motel Short Term Lodging.

If you paid DR tax on the income and you are a US citizen/resident, you could could claim a credit (deduct the tax) against the US tax on the same income to mitigate the effects of double taxation.

Real estate taxation is very complicated.

Its not just Dodd Frank, it includes taxation of selling inventory vs an investment, and most investors do not know how to qualify (dodd frank ATR) the buyer an end up putting a weak buyer into mortgage that you end up having to forclose on..  

I am a local CPA very familiar with real estate taxation so he is aware of the tax hit he would take federally as well as to the state (owner lives in Oregon).

@Andrew HamiltonYour first choice should be to find a CPA that specializes in real estate taxation and one that is local.

Most uncertain or fluctuating price items as far as entire development goes are Land and Sale prices, but other areas remain fairly possible to estimate at very early stage in project.Even then, Why does following areas are considered some of the challenges for novice to seasoned developers despite having so many tools nowadays to help them.A] Estimating fairly accurate Construction Costs(Hard + Soft)B] Controlling Costs, BudgetC] Financial structure (equity, debt, draws, taxation, insurance)Thanking in advance