Will I be subject to Capital Gains Tax?

So I did a flip with a contractor/partner and we had a budget for the rehab at 80K and he brought me a bunch of receipts with no PO regarding our subject property and is claiming that we went $40,000 over budget.

For a little context we bought our first home in Nashville 11 years ago, and have been working hard to put some of our equity to work on a 2nd home east of town nearby many of the State Parks and spots we frequent as a family (about 1-1.5 hrs east of Nashville), plus list the property as an STR.

Since they are single use codes rather than a blanket access code I don't have to worry about the code being shared with children or at least if they are shared and it becomes frequent I can question the tenant about the necessity.

The Lis Pendens or LP as it's frequently referred to, may actually be for the foreclosure of the mtg you're thinking about bidding at. 

But if they are ok leaving the loan in place, research buying on a wrap, subject-to the existing financing.   

I haven’t been going to the meet ups as frequently as I’ve had schedule conflicts but they are also a great resource.

Fundamentals of Analyzing Real Estate Investments by Simon He - This is a Udemy.com course but it's absolutely worth it when they have one of their frequent sales.7.

The residents are guests and we as owners aren't subject to moratoriums and eviction processes. 

I suggest that using a retirement account has some disadvantages: consider taxes, depreciation (passive loss), tax rates.If you use an IRA and invest in a property that has a loan on it, you are subject to UDFI (sometimes confused with UBIT).