An IRA doesn't add any benefit and could be worse if the distributions are taxed at your ordinary income tax rates.  

Assuming gain qualifies for cap gains;All depreciation recapture taxes will be due year one, regardless of cash received.Principal portions received will be prorated between basis return, and cap gain.Interest received taxed at ordinary income rates.

It would be out of the ordinary and not likely for "most" of the properties to only have T3. 

well since this will most likely be taxed as ordinary income (assuming 35% state and federal taxes to be paid) you will pay Uncle Sam and Godfather Christie 3500... leaving you $6500 ($5000 nets approx. $3250). 

The Brits are FAR too proper to allow such shenanigans

If you held it for one year or less, you will be taxed on the Short Term Capital Gains, which will be at your ordinary income level.  

I thought an ordinary bank loan would work however, I'm quite young and a bank would probably just laugh at my credit score, also I learned that banks don't like to fund rehabs.

Then you can compare the new estimate with your current contractor's estimate to look for similarities and anything that seems out of the ordinary.

Anything under 2 years and the profits will be taxed as ordinary income.  

The IRS can disallow the tax deferred status of your entity, and deem all income as taxable in the current year (and also any prior year retroactively) as ordinary income (at the hideous incremental rates about which we hear so much - 28/31/38 or more percent - plus over 20% penalty under section 6621, plus interest, and all that will come to a serious chunk of change, so be carefulJim Kennedy, CPA