I would still use the designation, just ask a Broker the do's and don'ts for your state while on InActive status. 

The tax law is designed to encourage home ownership, therefore capital gains on personal residence are not taxed, aka $500k exemption aka Section 121.Step 3.

They can help you find and analyze deals, and help you with your design/construction choices.

This means, at each step along the way, you would/should be focused on a different series of events, in order to reach the accomplishments at the timeline you are at in your plan.Now, to design this plan, you reverse engineer it. 

In one of my groups, a condo owner has received a notice from the HOA board:"Unit owners shall be responsible for painting their limited common elements (earlier defined to include interior walls, wallpaper, and flooring); provided, however, the color, materials, and design of limited common elements may not be changed without the prior written consent of all the Unit Owners."

On top of that you'll have permit fees 1-5k, engineering/design 10-20k, tap fees 5-15k, landscaping, driveway, financing costs, costs to sell etc. so I don't think you can get the numbers to work with any profit or equity built in unless you could expect the price point to be well over a million, closer to 1.5 really. 

Company Name Name Gsi Foundations Dave Graf Haase & Sons Construction Josh Haase Karidis Radtke Design Llc Kirk Radtke Karidis Radtke Design Llc Willie Karidis Radtke Contractors Bud Radtke

I always suggest going for more mainstream designs when doing flips.  

It's designed specifically for first time homebuyers who earn good income but need assistance with the first down payment.

Btw, the above is not just how I found my partner, it’s also how I found a landscape designer that’s re-working my exterior for free, a handyman that just wants any job because he’s about to get his contracting license, a 20+ yr union drywaller who lives 2 doors down from me...you get the idea.