My questions are: 1) Does a big fix for the retail market automatically put profits into the "ordinary income" flip category?  

You do not automatically get to deduct $25K as a net passive loss allowance if you don't have at least $25K in net passive losses.  

The reason is because closing costs are not(by law) allowed to exceed a certain percentage, and under $35k it automatically does, because most banks closing costs are set.

Some systems automatically report late and on-time rent to credit companies (RentBureau from Experian is the one we're familiar with) while others don't.

EvolvedProperty is somewhat vague and doesn't automatically trigger thoughts of a home sale.

At least in my state filing of probate does not stop a foreclosure automatically so some other action may be required... and quickly!?  

Ok lots of miss information on this post as this is a CA foreclosure  not a Judicial sale like FLA or other states.1. if the first goes to sale with that equity position any money bid past the opening bid by the first will go to the second automatically.. there is no law suit in CA trustee sales its power of sale.2. the second once the foreclosure occurs both liens are removed.... from the property the second though does have the right to then sue on the note for a deficiency.. ( however Extremely rare on the west coast but it does happen).. but that just goes to the borrower not the property.3. if its a purchase money first thats being foreclosed no deficiency judgement is allowed.. its not like Texas were you can foreclose and get a judgement.  

Combining your post's title and the text it seems you are saying that the oven comes on but does not get hot enough to cook, and that the burners do not automatically light.

.  :-)What I have found is that the old rule of thumb--which said that if you bought a property at a tax deed auction and held it for a year, the title was automatically clear--is no longer true.

I like installing fans and putting a timer on them so they shutoff in 30/60/90 minutes automatically.