I don't want lots of extra short term income to be taxed---I'm guessing you make really good money also. 

People wanted the log cabiny, rustic feel, but also... new, modern, clean... and here's the kicker... a luxury ambiance with outdoor hot tubs, indoor saunas, indoor heated pools. 

I purchased it a few years ago and to make rent-ready I am invested at $44k ...

My problem with this is that I don't think it is a money maker either way.Figure 6 months to buy, fix, and sell.Interest on loan to be over $1,500 per monthholding cost to be $483 per monthestimate for ongoing maintenance and management if a hold.Estimate selling costs to be 7% if a flip.Good Luck.Bill

Written by law makers that created the test questions.

My ultimate goal is to make real estate a solid part of my career in addition to starting some other small businesses.

I haven't seen the inside of the unit but if I assume 6-7k to make rent ready (carpet, paint, work on the bathroom and kitchen, misc), $300/yr actual property taxes, and an estimated $100/mo for a fire policy would this be a property that you would purchase if you could buy/fix in cash?

So worst cast scenario it needs a new roof and heater $25-28k which in my mind could kill this as a money maker short term. 

That’s a lot of decision makers to figure out what to do

My homes will be smart, have robust home networks, and be equipped with fast and reliable indoor / outdoor WiFi.So, right now I'm in the process of studying for the GC exam.