What sections of the tax code or IRS guidelines are you relying on?

As a flipper, you will need to know a lot about managing jobs, proper construction techniques, permitting, inspections, building code, etc. 

The city or county can have their own code requirements for architectural style and design which can up cost per sq ft a lot.

The tax code as an investor is very friendly to your bottom line (AGI) if done correctly.  

For instance, mine was targeting Absentee Owners with 50%-100% equity and by zip codes I knew in my state that would be profitable deals.

See Below:"This can't be done as is due to the vast number of code violations.

For owners who already own property that isn't lead certified - if one of their tenants has a baby, or if there's kids living there under the age of "X" (again, I'm not a pro on the lead laws) the owner is required to bring it up to current code for lead.

@Bob OkenwaI was looking at a few 438 n 17th ave 1625 west Tonto 215 w Hadley streetBudget 400kAny zip codes in Glendale in particular or just mostly north of 60?

In this sense we could "house hack" and have the other rental units help pay for our mortgage.That being said, we're fairly certain we would move out of the property in ~5 years and keep it strictly as an investment, so we'd like to know if it's worth it from an investment standpoint rather than just a house-hack.I guess part of my confusion is if the goal of an owner-occupied multi-unit house should be to have the annual net operating income cover the annual mortgage + interest costs (i.e., positive cashflow), or if just the annual rent income should be greater than the annual mortgage + interest costs (i.e., positive debt-service-covergage ratio).

So closed to Manor - but till Austin zip code.