This is all being done by a non-profit.

I can’t believe how many investors are so focused on buying and not how to KEEP THEIR PROPERTIES or KEEP TRACK OF THEIR PROFIT AND LOSS.

In my experience, a HML is typically for fund and flips, because the money borrower is (hopefully) supposed to be paid back within a short amount of time, once you sell the house and profit.

You can not reduce any other income tax you owe.Oh, so it can't reduce your current tax bill, but it can be used to offset profits you may have generated.

Why I did small loan deal but huge profit then was up hill after that. had enough for a small/medium deal.

Both of these resulted in around $40K in profit and made me realize my love for this business. 

Keeping it profitable and tenants happy is the tough part. 

If you rehab it in the S-Corp and sell it to yourself, wouldn't you have some taxable profit in the S-Corp?  

I have flipped my first house for s nice profit, have another going on the market in the next 3 weeks and closed on my third today.

If I was looking at it to build a spec house  70k all in is about right for a 350k exit  120 way too high.100k if your very efficient builder.. or a owner / builder and gets great pricing.. 4X is kind of a rule those price points.were it flip flops is the   2 million dollar lot and the 8k build and sell for 4 million like I am sure there is stuff in seattle like that and bay area and other high priced areas.but at the 350 exit I like the 1/4 or less for lot price to make a 15% gross profit margin after all costs.