Investment Info:Single-family residence buy & hold investment.I lived in this home for almost 2 years and had always been interested in turning it into a rental.

I once used it to buy a house when I wasn't looking but where the deal was too good to pass up.

if you buy, develop properties and then sell them.You are considered a 'developer' and the land / houses are inventory. therefore, the income would be ordinary and not capital gains.

Are you buying to occupy or rent out?

Their figures aren't the exact amounts that I actually invest/buy/sell.

I would be interested In buying with seller finance.  

I am considering buying a property that I would like to use occasionally (6-8 weeks a year) while in Tallahassee but set it up as a STR when I am not in town. 

Stepping it up a bit and moving from buy and hold to flips. 

There are some exceptions, but they are rare, they have access to funds, and they typically built their empire when the timing was right and got lucky.Likewise, it's not often that you can buy a house and sell it for big money six months later.

Has anyone had any success contacting the asset manager of a bank to buy an REO property?