Its ordinary income and taxed at ordinary income rates.

Curious on everyone's opinion on if this could or could not work...I own and run a Concrete company where we place and fix various, patios, driveways, sidewalks etc..  

We believed the tenant only to spot someone shoveling the patio today.

Your property needs to have possibilities, by that I mean room to grow, say a patio graden, it needs character, charm, style, this needs to be in the bones and design, IMO as you can rehab and update as the market changes over time.

Financial advisors recommend six months of ordinary expenses.  

Flipping is ordinary income subject to self employment taxes. 

But in this case, he's asking you to beat the bushes and find the deals, then he'll scoop in and make all the profit while you get ordinary commission.

Just so you know, you guys taxes won't be cap gains, they'll be ordinary income with self employment taxes. 

We changed all the windows, doors, and patio floor.

Of course, these would be basic (i.e. ordinary and necessary) expenses of operating a rental property