It was listing my team had that started out at $285,000 - price kept coming down so it interested me and I am building my passive income portfolio - this has cash flow of approx $1000 / mo after the mortgage and before taxes and insuranace.

I have not yet encountered a tax year where I've had to work through and claim income for flipping, but that is coming up in a couple months.

If you use a payroll company to capture payroll taxes and all..

The bank used my 2.5% commission towards the debt owed.

I currently owe $197k (I used and FHA owner occupied for a small down payment), and I think that I could sell it for at least $275k.

If your not paying tax's not sure what additional write offs are going to do for U..

I called the county, and was told: (a) that "cove" doesn't meet the *current* definition of a bedroom, BUT for older MH, they go by what the manufacturer classified it as when it was sold; (b) the property tax listing for the lot identifies the MH as "personal property", so doesn't identify the number of bedrooms and baths; (c) the septic permit was made for a two bedroom residence.I have failed in my many attempts to locate any records as to how the manufacturer described this originally. 

check the tax records

By being outside the city (the city line is a few blocks away), you save on city wage tax. 

If you do 1031 exchange multiple times, do you pay taxes on the profit of only the last sold property or do you have to pay taxes on the total potential profits of all properties.