As a flipper, you will need to know a lot about managing jobs, proper construction techniques, permitting, inspections, building code, etc. 

The city or county can have their own code requirements for architectural style and design which can up cost per sq ft a lot.

The tax code as an investor is very friendly to your bottom line (AGI) if done correctly.  

For instance, mine was targeting Absentee Owners with 50%-100% equity and by zip codes I knew in my state that would be profitable deals.

See Below:"This can't be done as is due to the vast number of code violations.

For owners who already own property that isn't lead certified - if one of their tenants has a baby, or if there's kids living there under the age of "X" (again, I'm not a pro on the lead laws) the owner is required to bring it up to current code for lead.

@Bob OkenwaI was looking at a few 438 n 17th ave 1625 west Tonto 215 w Hadley streetBudget 400kAny zip codes in Glendale in particular or just mostly north of 60?

So closed to Manor - but till Austin zip code.

and what's your specialty codes (your job) btw?

Sec. 1.469-5T(a) tests for a passive / nonpassive determination on the rental real estate activities, as you are doing.Respectfully, I would put this strategy on hold and go back to the code and regs.