In NZ is Good and Service Tax (GST) at 15%. in the US you can take in account the tax you will need to pay as ordinary income?

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

IRS considers buying with the primary intent of resale is just inventory and is therefore taxed as ordinary income.

Assuming this is an ordinary residential loan, this is loan fraud, pure and simple.

Assuming your numbers are correct, and assuming there are no out-of-the-ordinary circumstances (like exorbitant property taxes), it sounds like a fantastic deal...

Nothing out of the ordinary I thought, and I went to my lender to start getting everything in order.That's when it started getting weird.

., Your profits on the flip will be taxed as ordinary income plus subject to 15.3% in SE Tax ( Both employee and Employer halves of Social Security and Medicare).

The landlord shall give the notice either personally or by ordinary mail addressed to the tenant's last-known address and shall state the daily charges for storage.

As with any short term flip, you will be paying taxes based on your ordinary income tax brackets but having a tax bill, while never easy to swallow, is not the worst thing in the world.

With respect to the dishwasher, you can probably expense the dishwasher in full, but if you have a taxable loss for the year that can't be used to offset your other ordinary income because your other income is too high, or, your net passive loss exceeds the net passive loss amount you are allowed to claim, then consider depreciating the dishwasher over five years.