The biggest question is if you're willing to open yourself up to the liability of a child getting hurt while using your baby equipment, and the parents coming after you.

That's what I did and I feel well-equipped.

Now, under 366 days is short-term capital gains, which is taxed at marginal rates like ordinary income, so the rate is identical. 

But if you were so inclined, you can come up with a new site plan, probably would want to have an engineer look at it, and then you would hire somebody with equipment to move the dirt around and read grade the property so that it's no longer in the flood zone.

Yes, there are those that wholesale these properties, but I'm concerned that in many cases they are wholesaling them to people who aren't equipped to handle them. 

Please comment below if I’m on the right track or if there is some advice you can give me or if I misunderstand something.fyi- I do have some money to invest into this wholesaling business which is why the beginning steps are as follows.step 1 - Start a official wholesaling company with a LLCStep 2 -Build a wholesaling brand/logo/identity with a website as well as business cards for networking/meetups/buyers listStep 3 - Driving for dollars/direct mail marketing following up every week for 5-7 per property I’m interested in.

We have 2 leases near my home, but they haven't put the equipment in.

I've heard of some investors throughout the US who have had some decent success with a unique strategy: Buying a plot of land, putting up a fence, and leasing the lot to companies to park heavy equipment and vehicles on.

You will weed out the contractors who are not looking for that type of work right off the bat.FYI for anyone that sees this commentThe new regulations on HVAC equipment moving forward is going to add a lot of money to the cost of your jobs.

It's the natural grade at the house corners, possibly the AC pad or other lowest equipment servicing the residence, deck or porch attached to house, garage slab elevation, basement floor, crawlspace.