My goal right now is to get a quick return/large cash infusion (I know I have to pay tax on ordinary income for a flip or capital gains tax after a year).

Do they have the same presence/absence of other amenities like decks, patios, fireplaces, pools, etc.?

Removal of tile, counters, cabinet doors refinishing, landscape, patio cage cover and some other stuff.

Some specific things to consider are whether you'll be providing appliances and, if so, whether you'll provide a warranty (if it breaks, you pay to fix it); what type of AC each house has (window and wall units tend to crap out during the summer months and not many AC vendors are willing to work on them); whether the homes have sprinkler systems (tenants tend to not water the lawn of their own accord); whether either home has a patio and what condition the patio is in (is it dry-rotted and falling down?

Based on your plan you would be taxed at ordinary income rates, not capital gains.If you did that many houses you would be considered a dealer and may be subject to self-employment tax as well. 8)

When you hold property for cash flow and depreciation, its best to incur as many ordinary expenses as possible.

Looking for roofers, plumbers, electricians, windows/siding, exterior retaining walls, concrete patio/stairs, and handymen.

Not sure on the land contract or balloon payments.If you do not own a property for at least a year, your fear should be being taxed as "ordinary income" instead of capital gains.

Regarding payroll, you may use funds to compensate those individuals for their services in the ordinary course of business.The SBA UCC filing reaches all business assets to the value of the loan.

things haven't been 50/50 since the 50smen are required to bend their backs over for women. you sound like a much much older man and you should be thankful. just to get a date with an average looking female in 2017, you better be at least 6'3, ripped, look like a calvin klein male model, and have a net worth of at least $1 billion. dont even get me started on whatcha need to do to get a moderately attractive one. seems like ordinary men in the younger generation have to bend their backs 180 degrees, climb mount everest, and win an olympic triathalon just for the PRIVILEGE of MAYBE being able to say HELLO to the woman's GRANDMA Lol..