Jason Brooks, I don't want to change the subject, but I believe if you are a real estate investor, proceeds for a fix n flip are ordinary income, not capital gains.

Looking at the photos, the cracking I see is typical...nothing out of the ordinary.

A 20% capital gains tax rate applies to the amount of your capital gain that puts you into the new 39.6% ordinary tax rate.

This is out of the ordinary for me. 

Or, if your investment holdings are in a Roth IRA, your investment gains accumulate tax-free, and you can withdraw it tax-free.You still must wait until you reach age 59½ to withdraw your funds, or else you will be subject to an early withdrawal penalty, and the withdrawal will be included as ordinary income on your tax return.

You would sell, pay ordinary income tax rates since it was held as a rehab/flip property, and then you would have access to all of your net proceeds. 

It sounds like she does flips (and pays lots of ordinary income tax) to finance her buy and holds (which she may or may not 1031 at some point).  

It seems like you're too far along into this to have no idea of your closing costs, even though they are of course based on your purchase price combined with your Reno costs, probably 5-6% of the total.  203k loans Do carry a half percent higher rate than ordinary FHA loans.  

Just be aware of the rules around renting your unit since coops tend to have greater restrictions than condos.  5 out of 50 doesn't seem out of the ordinary.  

They're just ordinary locks.