But today's generation has forged a new path.

@Ben BrighamSince flipping generates earned income, a Solo 401k could be one of your best options for offsetting taxes on that income.

I do know there are more millennials camping out at home and they are a bigger group of people than the baby boomer generation.

That relationship directly led to my RE agent and the others listed above, although I'm on a different generation of guys at this point.  

Even in an extended power outage, you can still cook on a gas stove if you have matches or a lighter, a traditional gas hot water tank does not need power so you'll still have hot water and it only takes a small generator to power a gas furnace, although Missouri winters are fairly mild compared to here (Chicago area).My $0.02...

It depends on what you want your capital to do...generate income now or grow over the long term.

@Fred,Your LLC could sponsor a Solo 401k.This would allow you to take income you generate from flipping personally with your LLC and make new contributions to the Solo 401k, thereby reducing taxes on your personal flipping LLC.The Solo 401k could accept a rollover from your current IRA and/or the other IRA you mentioned you have.  

Agree, my long term goal is passive income and generating enough rental properties to retire, but given this specific circumstance and the huge return on flip with less than two months turnaround, the profit will allow me to put a down payment on 2 if not 3 other properties.  

If the unit is consuming all of your available disposable income, then generate some more via side jobs using skills you have or develop new ones. 

When you rehab a house the first thing you should do is make sure the power is on as many a contractor will charge huge amounts of money to use their own generator for power or the fact they may need to rent one. usually passing cost plus 15% to your bill for it.