We declared the apt abandoned and moved them out in hours.

I'm going back and forth on declaring my income for 2016 - and taking the hit with taxes - or not declaring and keeping the money that would go towards paying taxes.   

If your declared intent for a property is to fix and flip it for a quick sale, then yes, as @Arianne L. stated, you will be taxed at your ordinary income tax bracket on this income in addition to self-employment tax.2.

And remember to declare your rental income on your taxes so you can use that income to help you qualify for the next house hack!

Unless you want to risk declaring "prison" as your primary residence I'd avoid lying on mortgage applications. 

You will then have to declare  the income from the sale in the tax year it is sold.

My homeowner policy declaration and my rental property declaration is almost the same.

Sales of Hud properties where the President declares it a federal disaster area"I was told earlier today, by a mortgage broker, that the HUD exemption is only when a borrower is buying a home from HUD using FHA financing. 

The judgement is a court declaration that the rental income was due. 

Your Comment: "The bank will never check you" is a declarative statement of fact.