What I'm contemplating is to withdraw funds from my ordinary IRA; I won't have to pay taxes if I replace them within 60 days.    

Thanks As I understand it, short term capital gains are taxed at whatever you other income tax rate is... it's just lumped in with your ordinary income and taxed the same.   

Interesting, but I’ll have to find out if my ordinary income was reduced by depreciation, and therefore any gains will be taxed as ordinary income and not more favorable capital gains...When is bigger pockets going to form a lobby or pay a lobbyist to advocate a longer window to use 1031 exchanges??

One word: LEVERAGEI don't think an ordinary person will find many lenders that will give them money to go invest in the stock market.

Alex:Assuming you get $45K, after commissions, holding costs, and taxes you have about a $7K gain (I'm assuming gain from sale taxed at ordinary income) but also get your $31K in capital back for a total of $38K. 

So you're going to owe ordinary income tax on that portion of the gain unless you qualify for a prorated amount if you had to move due to a job related reason etc.For the investment side I'm going to respectfully disagree a little bit with @Frank Chin. 

Mindy Jensen from Bigger Pockets started The Money Show podcast with the purpose of helping ordinary new investors learn how to get the money safely to get started in real estate investing.  

Your numbers all look pretty ordinary though as we always assume seller is lying about ARV. 

As we probably know, flipping income is taxed as ordinary income if performed under an S-corp. 

There is no capital gains tax here....it is all ordinary income tax, plus ss/med.