I enjoy buying, remodeling and selling homes, My major was in design therefore the space planning and functionality of a property is key for me to turn a flop into a flip.

(Not necessarily in order) The Software Business (I'll use SB as an abbreviation from here on) has to design a product.

LOL... all these new crazy buzzwords designed to make an 'old as the hills idea' new and fresh! 

At 19 I began my ownership career opening several failing businesses from building inspections to event planning each bringing in almost nothing until I sold one and then I started my ownership career with several failing tattoo studios in the area.

Maybe you're looking at MLS listings, Loopnet, a stack of rentals sent to you by an investor exiting the business, whatever...I was just explaining what the 2% rule was designed to do, thus attempting to answer the question "what is the 2% rule?"

For something small like this, expect designer fees of $1k - $2k, including working with the county to get permits.  

From my understanding a property can only be listed C5 due to serious structural issues, nothing about how messy or drunken or drugged up the renters are can cause such a designation, so if it has been listed C5 than the inspector must have missed something right?

While I enjoy the real estate reality genre, nothing in a my landlording career would interest a  reality TV producer (no drama, by design).

You get taxed as ordinary income unless you use an S-corp or an LLC with the s-corp tax designation.

Hi Jeremy, I don't have a yes or no answer, but with my experience here in San Francisco as an Interior Designer we don't flip homes without getting a permit and a licensed  contractor especially if it's a major renovation.