We also hoped for appreciation, once the community finished building, since supply would be finite.

We also hoped for appreciation, once the community finished building, since supply would be finite.

I will be doing one at a time, doing mainly cosmetic work myself. 

The houses are fully furnished and they supply some supplies as well as a gym, free golfing at a local gulf club, and frequent parties and BBQs.

Full disclosure:  we're a TK company, so our main metric for our investors is cash flow, not appreciation. 

She intends to sell the house to me for $200,000 but is concerned about tax implications of the proceeds from the sale of the home.So the main question is how the sale will be viewed by the IRS.

Similar to the 08 housing crash oil is bouncing back from a huge recession and that affected the research and development of many of the big companies thus removing a large potential supply of oil from future production so it may catch up to us just like there’s a housing shortage in many areas now because of how many builders went under from the GFC.

One exception to the deductibility of driving from your current apartment to the new house would be if you don't have a home office in your current apartment; if you don't have a home office, the IRS considers trips from your current home to a rental property to be "commuting", in which case the mileage is not deductible.Tools and supplies are generally deductible expenses.

There would be underlining fundamentals to support that too like jobs, growth, schools, weather, supply, demand etc...Good luck! 

Do to this fact I have to keep a full supply of tools and material in storage units in each area I flip so when the subs decide not to show up anymore I can jump on a plane and go finish the project.I wish you great success.