Sounds like you were desperate to get work.You never pay "your" crew before they work.You could have avoided much or all of this with a good construction contract, including fees for delays and stop  work gaps. 

You need to know what switch to throw to avoid unwanted occurrences and that guides you down the path required.

So the difference between the two, your capital gains, will still be the same, or more, and your tax liability at least as much, and maybe more.If you are looking to avoid paying tax on your capital gain, you can think about selling the property on an installment sale over, maybe 20 years, and you only pay one-twentieth of your tax liability each year, as you receive the profit, or you can think about using all of your net sales proceeds to purchase another investment property, and thereby defer the capital gains tax on the sale.Michael Lantrip

Be aware of the laws in your state and avoiding Marketing No-Nos.3) When you have accepted an offer from someone who is going to buy it from you, set up the closing at a title company that allows same day back-to-back closings.

I would personally avoid it as there is a huge pool of people looking for rentals.

Jason Faucher I'm not tax pro but I believe you can avoid the tax by going solo-k.

I don't mind stumbling along my way - but I would like to try and avoid falling flat on my face if possible :)Thanks in advance for your time!

I'm about to be one of these new wholesalers and I'm trying to avoid nonsense like this.

My suggestion would be to work with someone that have done several....they will help you avoid mistakes that they've made.Gary

What is a comfortable price range to purchase a house for a flip to avoid these issues.Thanks!