The title said it all but if it is, then i can do Wrap Around Mortgage because it just finding a buyer right?

Currently reading every book, article, and manual on the subject.

If you are not subject to Sec 263A, then holding costs such as interest, property tax, etc. can be deductible when paid.

Hi everyone,As the subject says I am 100% new to real estate and I am a college student attending and living near USC in Los Angeles. 

Pardon my ignorance on this whole subject.  

Solo K give you ability to contribute significantly higher amount (up to $59K/yr per participant), eliminates the custodian and give you checkbook control, gives you the ability to access up to $50K in your account tax-free and penalties-free via participant loan feature should you have a need, not subject to UDFI tax on leveraged real estate, ability to contribute pre-tax or post-tax into Roth sub-account, and more.The decision to incorporate should be discussed with a qualified tax professional.

My question is should I sell now ( subject to short term capital gains, self employment taxes) or rent out and sell after the one year hold ( subject to long term capital gains) ?

IRS says it's inventory, in a business activity, not a long term investment.....subject to ordinary income tax, including both sides of SS/Med (15.3%).

Obviously subject to state law, these are done all the time and are generally completely legal, @Deano Vulcano.

Typically, the entity that is created for the deal will own 100% fee title to the property subject to any assumed or originated secured debt.