Tax Help on Fix and Flips

[Tom Bud]

Hey everyone, 

Wanted to hear the communities response to this;

Brand new r/e investor, going to do a fix and flip. Does anybody have any interesting tax strategies in respect to this whole process? (buying, selling and personal income wise).

I will be doing this in my personal name as a part time office clerk earning ~22k/year and want to get some income on the side. I'll be doing this in Brooklyn, NY if it helps.

Many thanks to this awesome forum and all its members!

Tom B.