This is also an A neighborhood with C-/D+ property and I have J Scott's book, but he doesn't delve into multifamily over 5 units.Once renovated and updated to 2015/2016 standards with A/C, new windows, new flooring/carpet, renovated kitchens & bathrooms, paint, new decks for upstairs units and new patios for lower units as well as upgrading the laundry room with new or newer commercial grade machines.

If you are a dealer, if your intent is primarily to resell then you will always pay ordinary income tax and you are ineligible for 1031 treatment.  

Otherwise, you'll be ordinary like all other investor wannabes.

As for tax savings, flipping properties is a not a good tax shelter -- you're likely going to pay ordinary income taxes at your marginal rate, plus self-employment taxes.

There is the outside patio where you can network, or you can sit inside and listen to the speaker.  

Short-term capital gains tax rates are the equivalent of ordinary income rates.

Also if you are a dealer (which likely you are) this will be ordinary income as opposed to capital gains.

When you an inspect an ordinary vacant SFH, there's no sign of a claim on the land and there's no party to inquire.

I waited until we owned about 17 units in 8 buildings as a regular old ordinary partnership.

Your IRA will be taxed as ordinary income. 4) investing in a self directed IRA or 401k adds complexity and red tape.