Building a home for sale is the same as house flipping.

If it is to have a vacation home that someone else helps pay for then maybe.  

My degree may not be my passion, but I know it will provide an income that I can leverage into something else (I've already started working).Currently, I am living in a home owned by a relative, and my rent is impressively discounted.

Hello, my real estate investment partner and I are in talks with a party about getting a $1-2M promissory note in place, which we would draw on to make acquisitions of 12-25 single family homes over the next year or so.

While you don’t have to continue to find home for your $ every year it is tied up so it is illiquid.

We are going to be buying property and building a spec home shortly and need to understand the pros and cons of doing this deal through an LLC vs. as individuals, from a tax perspective.

Is she gone for 3 months at a time and then home for 2 weeks, then gone 2 months?

Hi Sherrie, There may be a few routes for you to best utilize the equity in your current home. 

The credit bureaus will sell your information when you do a hardpull and you could receive 50-100 unsolicited calls in a couple of days... what we always recommend is to "opt-out" of this solicitation, do the softpull to get preapproved, and then when you find a home you can do the hardpull and not get bombarded with calls. 

We currently own the property & is being used as a mobile home park with a single family house.