Long term capital gains (after a year in service) can be significantly different than short  term capital gains(ordinary income rate).

Additionally, I much prefer to either entirely defer taxes or be taxed as capital gains, rather than ordinary income as flippers are taxed.That said, I look for mid-teens returns, low risk, and low-to-moderate time requirement in my own portfolio.Here's an example: I have a friend who is a hard money lender, and she brings in passive investors to provide most of the capital.

Need paint and some up keep but nothing out of the ordinary.

I thought it was on passive investment income and most flipping is taxed as ordinary income.

Price: $119,000 4 Bedrooms 2 full, 1 partial Bathrooms Single-Family Home Dishwasher Air Conditioning Status: For Sale Parking: Garage - Attached Parking Spaces: 2 Floors: Carpet, Linoleum, Vinyl, Wood Exterior: Brick Veneer, Vinyl Siding Heating Fuel: natural gas Lot Size: 0.25 acres Built in 1998 MLS/Source ID: 3005329 Zip: 28215 2,136 sqft Patio

They haven’t mowed the backyard in a couple of weeks and have left beer bottles and other trash out on the back patio.

To be honest, on something that is out of the ordinary, with so many variants, you're probably going to need to talk to an appraiser and see about getting some type of an evaluation.

It is a 3/2/2 on a decent sized lot with a screened in pool/patio area.

Anyway my landlord basically was charging me $675 for the room I lived in before and then he made me an offer to move out to the patio outside so I can save $100 - $200.

If you spend it along the way, you lose your leverage when the tenant terminates and moves out and then have to go after them for cleaning, repairs, unpaid rent, etc.Some Landlords will make the tenant responsible for the first $50 or $100 of any maintenance call, even if it's an ordinary wear-and-tear thing.