But because of recapture, capital gains tax differential as to ordinary income, ordinary income, earned income, investment income differences, retirement funding, 1031 exchange deferrals, 401k deferrals, etc. the world of tax minimization become VERY COMPLEX.  

Generally speaking... 1031 exchanges are meant to keep you from paying capital gains taxes (15%) not ordinary income. 

I nicely called it out and he stated "I need to take measurements to provide itemized cost estimate, it will take weeks so I'm just going to pass on this project".Is what I requested out of the ordinary?

He buys notes.The crazy brit - College and liberal arts educated.

They're just ordinary locks. 

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).  

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.  

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.  

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. 

Would not be out of the ordinary for a 1 bedeoom to take 6 months to sell right now.