If you buy cheap houses you will deal with more dumb people which leads to more dumb stuff like this. 

Taking a LOAN against your 401k would probably not generate tax implications. 

I used to not keep a board up but now with running marketing campaigns, juggling leads, and managing flip properties; I feel like I have to have one.

However, once a GC dug deeper for a bid, discovered stucco issues made worse by lead paint, potential roof issues, electrical upgrades needed to at least the panel and connection from street, and added the cost of plaster and lathe demo as opposed to drywall, the rehab estimate came out to $85-90k.

He's the brains, lead generator, agent, and property manager of the operation (I trust him completely, he's a rock star), I'm basically providing the money.

., recommended and maintaining software, systems, and lead databases. 

This has lead me to OH and more specifically NE OH in the Cleveland area.

My passion for entrepreneurship and curiosity for real estate will eventually lead me back home to the Carolinas after school.  

There are 2 main tax reasons why you will want to use an S-corporation.1) Flipping houses either individually or through an LLC will generate self-employment income, which is subject to a 15.3% tax. 

if not properly vented, it can cause your shingles to prematurely break down or melt, as well a build up moisture which can lead to damage on the actual roof sheeting.