As of today it is rented out and up for sale for $53,500.00 with photo's using this lot (the houses yard) as a selling point.https://www.zillow.com/homedetails/404-SE-12th-Ter-Gainesville-FL-32641/42734496_zpid/Then this morning my Mother was served paper that the vacant lot will be auctioned off in October and because she is a Trustee of my Grandfathers Estate and my Grandfather was the last to own the land, his estate can purchase the land for Taxes which is $4,000.00 before the auction.I'm wondering if there's an opportunity here but at first glance it looks like a mess that's best avoided.

This means the profit is taxed as ordinary income (not capital gain) and subject to self-employment tax.If, however, you're portfolio shows a history of rentals, you intended to get into this property as a rental but ultimately decided to sell for whatever reason, and this "flip" is not a regular occurrence, you may be able to avoid classifying it as a flip subject to ordinary income and SE tax.Definitely make sure to speak to your CPA to get specific advice on your personal situation.

My apartment is located in SE off of MLK in D.C. a building just went up for sale last week that's connected to my building I think the address was 333 parkland pl SE for 530k.

Don't worry about these costs per se, it's the entire Op Ex model of STR's that is the silent killer, you have to pay for EVERYTHING including these platforms but also furniture, electricity, gas, pool, landscaping, etc. 

I'm not specifically set on any one location per se. 

They are not illegal per se, just not worth the risk involved when there are other more suitable strategies such as wrapping.

this subject has been talked about a bunch on BP.. why do people sell cash flow assets.the argument that they must be selling the dogs and keeping the good ones is not reality.I have been funding turn key companies for going on 20 years now.. they sell almost all their properties.they are in the business of buy rehab and sell.. they are not in the landlord business per se.. now some will have some properties but its not their goal to own hundreds of homes.. its hard to finance all of those first off.just like me who builds new homes why don't I keep them all.. well because I want to sell them that's my inventory to sell just like anyone else and I make more on one sale of a new home than I would with 20 years of cash flow at 200 a month.. so its what I choose to do..

I could see SS fitting that description with the sales of boxes, etc. 

@James W. se d it several ways.

I am a realtor and real estate investor here in SE Michigan as well.