I need help walking through the potential tax implications of those sales.

We are looking for houses with larger lots and favorable zoning to utilize our owner occupied loans and subdivide and build while we work there.

With that we go back to the aforementioned "pottery barn" this building sat directly behind their home.

I was originally just considering converting my IRA to Roth while it still makes sense with my income and current tax code before thinking about real estate. 

I am literally in a sticky situation with the seller because she owes some back taxes on her property.

My business partner and I created Quality First Builders, LLC, to build new construction spec homes in the Triangle and surrounding areas.

Max - No I didn't use them because I asked the same questions for their tax ID or DUNS number and they never replied.Matt - gotta love how you literally said in your comment above that "I'd do it," and now you're posting links as to why not?  

My gut response is for us to sell at 2 year mark and collect the equity (tax free).

One was 55k PP (Put 25k fixing it) one was 78k, one was 70k, one was 104k, one was 60k PP and 18k Fix it (loan of 78k).The other biggie is I was just an investor for 2023 and don't have 2 years of tax returns showing NON W2. 

But meanwhile your loan principal got paid down, you had tax write offs and maybe even did some remodeling.Would you have been better off renting from 2007 to 2015?