Just trying to get a sense of this.If I were to flip one house that I bought under my name and sell under my name.And if I have a regular full time w2 job.Would that mean that the flip would be considered short term capital gain and taxed at regular ordinary income but that I would not be considered a dealer and - as such - would not have to pay all the self employment taxes involved with that?

Some investor bought it and is now looking to sell it at the same price as last year - regular sale.

I have an extensive liability and insurance coverage, more than a developer and regularly qualify for government projects, I know what it costs, but whether im only making 300k/year or 3M/year, I still pay the same, benefits of having everything in-house and not contracted out, expensive to maintain but pays off in the long run.

I regularly approach home owners facing foreclosure.  

Perform regular detailed inspections.

Do regular inspections and serve him 10-day notices for lease violations as you discover them.

Welcome with warmer heart and looking forward to networking with you regularly.

The HOA president who is sending these notices is two doors down and monitors this VERY closely.

Keep earning that paycheck and saving as much as you can.Keep your credit score up then buy yourself a home, perhaps a duplex or a single that you can rent spare rooms to your buddies.Let your tenants pay your mortgage.You can get a FHA loan which will only require 3.5% down.Richard had some good advice as well if your interested in earning some additional income quickly a RE license will really open you up to more opportunities to learn and earn while also keeping your regular job.Down the road your rental income and possibly real estate agent commissions can Grant you the opportunity to walk away from the w2'd job.Good luck. 

While monitoring foreclosures in my area here in Pennsylvania, there was one property I kept an eye on.