And this is a hot market. 

This means the profit is taxed as ordinary income (not capital gain) and subject to self-employment tax.If, however, you're portfolio shows a history of rentals, you intended to get into this property as a rental but ultimately decided to sell for whatever reason, and this "flip" is not a regular occurrence, you may be able to avoid classifying it as a flip subject to ordinary income and SE tax.Definitely make sure to speak to your CPA to get specific advice on your personal situation.

So I wouldn't be surprised if they simply adopted a rule that if they see an option, they would just automatically dismiss the case on the basis of lacking subject matter jurisdiction. 

It may subject to change in the future.

This means the profits are subject to ordinary income tax rates (no matter the length of time you held it) PLUS self-employment taxes.

I know manufactured housing and self-storage are the hot places to invest these days but they, too, are suffering from the same issues - massive spike in prices (over the past few years) and everyone stampeding to get into these assets. 

Also keep in mind that flipping is considered an active business, and as a result any profits you will make from the flip inside of your 401k will subject your 401k to UBIT.If you did this deal in your 401k you would not be allowed to be an agent in this transaction.

Someone told me I should do a subject to.Now I have an idea of what a subject to consist of.

Now it’s a hot spot in Oakland County. 

The first and one of two books I have ever read on the subject.