Too much drinking, parties, smoking, not quiet enough, etc.

Now, if you were going to be wholesaling or flipping your income would likely be deemed active and you might benefit from paying taxes at the CCPC rate.Again it is a matter of sitting down with your team (accountant & solicitor) and determining what arrangement is best for you now and how you will transition to a different organisation in the future.

A house sits on one lot that we're going to rehab and resell.

I'm sure it's often the same way in most government offices, I know my neighbor has slow office times as she has mentioned it being boring at times.Now, understanding that, and knowing most have their computers sitting on their desk, I'd think of the tens of thousands of IRS and finance officials it would be prudent to assume they may lurk on some internet sites, for giggles if nothing else.

You might not have $70k cash laying around just yet.If the numbers all check out, and it's truly a 60%-of-ARV deal, there is enough meat on this for you to come out whole under all but the most adverse of circumstances that might occur (i.e. bankruptcy, lawsuits going back and forth while property sits vacant and gets vandalized, etc.)Also, it's a great opportunity for you to learn the rehabbing business.

That is, you would sit on an empty for 6 months.

My family and close friends were very skeptical of my first flip, however I'm now done with it and it's sitting on the market at a price that will net me around 30-40k before taxes.

But i dont want to lose my homes because i can make money with them.I am stated income from my own business (computer software) and limited to the hours i can work, most of my pain comes from sitting but i am very bodily able to do construction and labor.

I just want to let you know -- I was looking for a multi-family in Charlotte to live in one unit and rent the other(s). It's

I want to enjoy quiet beaches, but this is not about me. :) This is about potential "renters"..