It's not a RE book, but a book about how passion in your work and life can turn ordinary to extraordinary!!

But it is generally considered better to pay tax at the capital gain rate than at the ordinary  income rate  had you not taken the depreciation.

But the real problem is an ordinary FHA loan (not 203K) will require the house to be in too good of condition to make a good starting point for a fix and flip.  

Remember, any money made flipping properties is taxed as ordinary income and there is NO future income.  

And/or/and doesn't matter.You pay ordinary income tax and self employment taxes either way-if "holding open" were even possibleThe title co.s don't make your contractsNeither type of contract gets notarized, as it doesn't affect anything

Personally, I would still read through everything and make sure that there are no assumptions way out of the ordinary, even if you've done 10 deals with them.

Dirty laundry is gross and I've cleaned a few apts with dirty toilets, and garbage, and diapers , but this was ODD and way from ordinary.. 

You're misinterpreting that part.I also am not understanding why your real estate LLC can't buy the ordinary and necessary equipment needed to maintain the properties and take the write off. 

There is also principal pay down, potential appreciation, conversion of ordinary income to long term capital gains on sale.

@Brit F.