If you consider the activity that's happening on American, Richmond St. could be pretty attractive for buy and holds or rentals because it's adjacent to Fishtowns development, has easy access to I-95, the bridge, and the Aramingo shopping corridor (although still a bit rough).

Housing was a crux of 'the American Dream' post WW2, and we completed a lot of it.

Will profit (if any) be taxed as ordinary income or as capital gain ?  

It isn't good to sub-optimize your investment decisions by trying to simply avoid tax.It is likely that you will pay more taxes under this approach because when you pull money out of the 401K, it is taxed as ordinary income.

.* Do not start chasing the "American Dream" of a nice house, car, dog, pool and all that junk.

No different than French, English (OK, I have to count British English and American English as 2 different languages), etc... 

Hello everyone,My name is Sean, a current student from Shanghai American School with over two years of dedication towards learning about real estate investing.

The average American doesn’t (yet) know this is happening.  

It is true that many poorer Americans don't have this type of ownership, but they vote for politicians who promise them handouts.

The government will do anything to protect "the American dream of homeownership."