I'm originally from Montana and have ended up in SE Wisconsin, just south of Milwaukee.

Well to answer your initial question Matthew, the big difference is that you cannot double close in Quebec, assignement of contract work and vente sous seing privé but im just getting more familiar with that one myself. 

Although they did request LLC documentation & the addendum to the Op Agreement regarding the decision to buy said property from the initial buyer along with the sales contract (we avoided a double closing or an assignment per se).What was interesting is that I think they were looking for a transfer of ownership @ the same price as what it was originally purchased for by the initial buyer.

The IRS is definitely pushing hard for SE taxes etc ....even though we took low to reasonable W2 wages & declared 'full time involvement'.

Refis are not harder than purchase money per se, the loan to values are different.

I'm Kevin from the Tri-Cities (SE Washington).

Long time lurker... newbie poster. im starting to get into buying properties and renting them out in the SE houston Area.

Annette Hibbler Shhh, please stop promoting SE Michigan.

It's amazing how much you can learn from here in such a short amount of time.I'm in SE Washington (Tri-Cities) - if you ever need help in this area, just let me know!

Capital gains are for investment purposes and business property that is held over a year.Income from flipping is also subject to SE TAX. which includes both halves of Social Security and Medicare(Employee and Employer).