Conversely if you buy with the intent to resell its ordinary income and not eligible for a 1031 even it you end up holding it for more than a year.

Fix and flip income is ordinary income, so subject to taxes at your marginal rate. 

If you're too cheap to pay for a CPA and trying to do real estate taxes with TurboTax, TaxCut or by yourself, you're very likely missing out on some of the benefits.Any income that doesn't involve actually owning a property is ordinary income.

Hey, I might install one on MY patio so I don't have to run inside to pee when I'm out there enjoying a cigar.

Doug plainly states that his note business consists almost entirely of buying and re-selling notes, so this is flipping inventory and subject to UBIT in an IRA, or subject to self-employment taxes and ordinary income treatment in a taxable account.Lots of gurus also say that you can wholesale and flip in your IRA to grow you money exponentially inside the tax deferred plan.

New custom homes, new patio homes, and soon town homes in a large upscale community.

Bryan-This looks like an ordinary productivity metric, can you elaborate more on what the author was saying?

Don't want to pay ordinary income tax and I'm a buy and hold guy anyway.

Put in all new windows and added a patio door in the master facing the lake.

If she has mentioned anything that affects health and safety of an ordinary tenant you will want to jump on that right away regardless if it's in writing or not, but for any cosmetic or normal minor repairs you want it in writing.