I'd think it'd be treated as inventory and not an investment. 

Hope LA is treating you well!

How has the market been treating everyone?

AS OF TODAY - Warren has all but abandoned the city south of 696 to the scourge pouring over the Detroit border and it is getting worse and worse... so this house must be treated as a cash flow play and not appreciation.

If you plan to treat it like a business, you should be able to fund it like a business.Don't be greedy on the first deal.

It's as if the state treats these types of deals as of I am a mobile home dealer.

We have treated twice with chemical treatments and the tenants have been steaming, drying and vacuuming constantly.

Now experience/luck has shown that treating tenants with respect but be firm with your lease leads to less turnover.

And for some reason many conventional lenders don’t treat Flip income as real money (don’t ask cause I’ve never been able to figure this out - it’s green, I can buy a Diet Coke with it, its money!).

Until you bring enough business to a good contractor and treat them well and build a strong relationship with them you will have to pay them at first for their quality estimate and time.