However in your case you're really trying to shorten the time frames down to artificially match a flipping model.I'm thinking that your intent then could very well be interpreted that you never had the intent to hold for productive use.  

I know this vision may be interpreted as overly ambitious, but I like hard work and I like challenges.

Hopefully someone savvy that will be able to give me a solid interpretation of what I am getting myself into. 

And what I did in all my years in CA.. is I simply close on the deals then resold.. and you NEED to disclose your a principal and licensed.. and that's no biggee one line in the contract..but I think a lot of this is situatational.. if you had an agent telling little old lady here nice clean Rancher in Santa Rosa that is worth 600k is only worth 400k and you resell with doing little to nothing and make 200k.. that will be frowned upon.You take a house that is falling down  extreme hoarder   bare land other types you can be more liberal with value interpretations. and unconcienable profits.

My interpretation (I'm not a lawyer) by in unit they mean the same dwelling unit.

Some people are visual and some are audible interpreters for sellers.

Hey @Christopher Phillips, interpreting the language from the selling guide how could the $10k spent on materials and labor be counted as part of the initial investment? 

"work" keeps getting in the way).Careful on the way the sellers interpret a finance contingency - they just might finance your deal albeit NOT at the amount of the agreed price, hence why I use an appraisal contingency.

I consider it up and coming but I guess everyone has a slightly different interpretation of that.

I guess I really opened a can of worms with this topic.. here's what I see when I look up MGL Chapter 64D, Section 1:Deed, instrument or writing, whereby any lands, tenements or other realty sold shall be granted, assigned, transferred or otherwise conveyed to, or vested in, the purchaser or purchasers, or any other person or persons, by his, her or their direction, when the consideration of the interest or property conveyed, exclusive of the value of any lien or encumbrance remaining thereon at the time of the sale, exceeds one hundred dollars and does not exceed five hundred dollars, two dollars; and for each additional five hundred dollars or fractional part thereof, two dollars; provided, however, that in Barnstable county, the excise tax herein specified shall be one dollar and fifty cents for each five hundred dollars or fractional part of said consideration, excluding a consideration of between zero and one hundred dollars.The dollar amounts don't seem accurate, so I could be missing some other law elsewhere that I could not find.If I read this correctly, my interpretation of the above is that the tax is exclusive of any liens.