Quick general pointers, as already mentioned on this thread:- holding a flip property for a year changes nothing for taxes, in most cases- flip properties are not taxed as capital gain taxes and are not eligible for 1031s, in most cases- if you're a full-time broker and do not have other jobs, you will most likely qualify as a real estate professional- which does not exempt you from any taxes, but it can create other tax benefits, specifically allow you to apply losses from your rentals against your broker income- and there are other tax strategies that can help youFrom this point, you need to get yourself a tax pro.

Should I file Schedule C or Schedule E? 

I flip houses as my main job now but am also a licensed realtor.

David Greene has started to refer to a W2 job as a 'down payment generator.' 

Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy).

He manages our property now and does a great job.

There's so many catalysts for population and job growth (Intel, Honda, Amazon, Nationwide Hospital, etc).

So unless you are really good (and you may be, I don't know), just let the real Contractors handle it while you go find another property.....My Current Job is renovating bathrooms.  

@Gurjot Grewal I don't know about your market but getting someone out to a property for a job that's less than $1,000 is impossible practically everywhere else.  

Would you recommend that this is a job that should be done while I am away?