Building science is something that changes often and there are always many new things to learn and stay up to date on. 

I just did a feasibility study on the property and can build a total of 3 ADUs along with the single family home on it. 

That example allows you to own 100% of the cash flow and the tax benefits.

It's concerning about the new build prices being lower than resales.

.- Tax Benefits of receiving installments instead of a lump sum payment.- Legal Options for the seller if the buyer does not make payments.- Visual/Explanation of how the loan looks on the HUD-1 at closing.Good Luck!

Maybe a more cunning way to move forward would be to own a motel, maybe with a very experienced motel business partner.Or maybe a Pool Hall, or an LP in a new waterpark, or something like that.I've seen hard times crush men, and I've seen hard times make men refused to be crushed and come back X a ton.It's all in the mind and the will to keep fighting.Many in here have given possible ways forward.It would seem wise to focus on building up a pile of cash again.Talk to your tax consultant about the specifics of your situation too.....Good Luck!

The question is this (numbers are just round for ease of calculation):  Suppose the home is valued at $500K, and I took a $50,000 (10%) distribution last year, including what was owed for taxes.

Hi everyone,I have a few questions regarding the tax implications of flipping a property in Florida:1.

My question is about taxes.  

The tax assessment values the property at $56,000, but, on the contrary, I find tax assessments tend to be conservative.