Stationed there almost three years, sold with profit and tax break for how long we lived in the house.

As a broker in a wholesale market, I "buy" a loan from a lender at a discount and mark it up for my profit.

STR is a hospitality business first, and a for-profit business second (if you want to succeed).

Make sure both parties fully understand and agree on:How profits/losses will be split Who is responsible for what (e.g., repairs, management, communication with the seller).Exit strategies in case things don’t go as planned.When you do find the right partner make sure to create a joint venture agreement that outlines all of this clearly.

In southern Florida I fund and profit / loss is 50/50.

Overall, it's been pretty profitable.

With property insurers’ profitability and trade combined ratios improving, we can expect some relief soon.

And would this be considered "capital gains" since it's re-sold under 1-year therefore having to pay a large % of tax on the profit?

Getting a base 8-15% return instead of 2-3% before actual “profit” puts you way ahead of the cash buyer. 

After months of reassemble and some customization work, the property sold for a decent profit.