I would like to find someone who could advise the best legal structure for this situation in terms of tax implications.Thanks again,Richard

To clarify is your cash flow $850 a month after all expenses (mortgage, taxes, insurance, maintenance, turnover,etc)?

So its a modified A for me ( consider taxes / with holdings ). 

There are some great software tools out there for organizing flip income, expenses, and important tax / financial info. but I wouldn't recommend Quickbooks (and I'm not alone in this as a CPA).

I already filed the license application with the state, but read somewhere that hillsborough also requires you to apply for some sort of tax ID. 

25% down but may pay cash, weighing out tax benefits if I finance How did you add value to the deal?

Does anyone know if there is a specific podcast episode dedicated to this topic.... qualifying as a "Real Estate Professional" on your taxes?  

(I ran some numbers and it seemed like I would make less working with them) I'm not even sure how I would calculate the tax benefits.Is this a common situation, if so what are typical terms?

I am inclined to ignore the letter because to me it seems like they are asking me to provide information that will raise my property taxes. 

Investor Risks 258k plus 10% for tax insurance debt utls etc. and the other 10% is sales costs and ( in todays market) seller assist closing costs or interst rate buy down.