I invest in central Wisconsin and the only reason I don't do more is I can't find deals (even here, the market is hot) I exited because it's already profitable more than 50% from my base investment.

Or, is it based off of the total profit from the house flips before deductions, which is what I believe my CPA had done?

I have a friend based out of Atlanta that helps folks nationally.Please feel free to reach out in the DMs or contact info in bio - happy to help however I can!

But, especially working with family, I would have an attorney draw one up. 

However, rate would be prime + index + an additional +2% for the shock factor just to qualify, but you can draw the funds whenever you want vs cash out where you have to draw all the money after closing.

No income No doc.They will release the funds in draws as you complete the project Phases. 

I often do site visits to the property and then design/draw the hvac/plumbing systems for the building.From what I gather below the following would all fall under "real property trades":"The statute lists 11 types of real property trades or businesses: real property development, redevelopment, construction, reconstruction, acquisition, conversion, rental, operation, "I believe that my line of work can be classified under "real property development", "construction", "conversion".

I explained that I did not mind him having a draw as long as certain work is completed, etc. 

You can decide to STR or LTR based on the property and the particular pluses and minuses, but I wouldn't let either strategy guide your choice of home, really the other way around, let the home guide your strategy.

Not being a tax professional the way I understand it is that the capital gains are broken down as a gain each year based on whatever the payments were.