2) Buy a house in mediocre condition3) Renovate and remodel the house to flip it for more money! 

once on site, how quickly could you do a <blank> remodel?

But four bathroom remodels, or four refrigerators, or whatever, really are about four times as expensive as one (or twice as much as a duplex).

I have no income for this year while I am working on the house, so I have no need for the deductions this year, but I want to take the $150k in expenses this year and apply it to the cost of the home built and sold in May 2020.How can I do this where I can then go do a remodel job say in June of next year, and maybe start a spec home again in 2021 or 2022, I won't be building spec homes only so I don't think that there is a good method to just 'keep going' and use the start of the new spec homes expenses against the sale of the one previously as that could be a year or two apart.

My wife and I are trying to figure out what to do with our master bathroom remodel.

Four bedrooms including the spacious master retreat with gorgeous remodeled bathroom.

Complete bathroom remodel down to the studs and joists.

There seems to be a lot of vacant office space here in Phoenix and I was looking to acquire something and remodel it for CoLiving.

Doing the remodel is worthwhile for that reason alone.   14% is a very decent return.More important, your remodel will, upon completion, immediately increase your equity by $25,000 (Middle guess $135,000 without remodel vs $160,000 after).   

We have run a successful bathroom remodeling business for the last 10 years.