Hope to get some insights from this thread too and wish you of course successful investing.Sandro

This is an insightful story and captures something that every designer or real estate professional should consider when approaching spaces in buildings they intend to hold for the long term...flexibility! 

Ok well it's apparent Riley is trying to get good insight on BP as far as wholesaling a deal.

Thank you for any insight you have. 

I was reading this article this morning and thought I'd share it with the subject matter experts on the forums.

But a title company expert advised me that quit claim deeds are viewed suspiciously anymore in the chain of title and that there are better avenues for getting the deed.

Any insights would be great.

I'm certainly not a tax expert so hopefully someone like @Steven Hamilton II can add to this, but yes if you buy and sell real estate as a business I believe you can be considered a "dealer" to the IRS, and you would file the income on Schedule C (self-employed) if you're a sole proprietor.  

I'd love to get some investor insights into whether the area is ripe for condo flipping based on what you know about the area. 

Perhaps we may even be able to give one another some insight.