Help Residents Learn About Federal Loans/GrantsAs real estate investors, it’s our job to know what tools are out there to financially help us power through these challenging times.

Sam:You should google for local eviction moratoriums, but most of us are expecting the Federal CARES ACT #2 will extend the (renew) and extend the eviction moratorium through at least the end of the year.Assuming you are still in the inspection period, the safest bet is to assume you will not be able to evict until February. 

There are ways to reduce self-employment taxes through correct entity set up, but you will still likely incur some level of self-employment tax as well, especially if you do more than a couple deals.I'm not a tax professional, but I know of no way to shelter flipping income from federal, state and at least some self-employment taxes.

I would just make sure you structure it (AFTER YOU TALK WITH A CPA) so there isn't a taxable event for the prior owner.

You’re making his tax free sale taxable.

@Matthew Orton Taxable value can uncap to SEV regardless of price so even if you bought property below SEV that does not man it will go down.

The 120-day moratorium on evictions in the federal CARES Act expired on Friday, July 24th.

Also, how does it all relate to the corporate federal tax, and in my state (NC) the 2.5% corporate tax?

Hold up federally-insured bank2.

Ie say you could and did claim those losses and it amounts to $1,000 per year of allowed losses, saving you $150-$220/year in federal tax.but then you lost out on another 12.5% of the property eligible for up to a $500k exclusion on capital gains.