Have you considered renting out the property once it is completed. You will have more of a return on your investment within two years rather than just making a quick 10k. With the tax laws changing next year the right off maybe better with the depreciation of an investment property. Please check with your CPA for more details.
I would love to help you find more properties and help you find the ones where you will make more than $10k profit.
All Real Estate Pro
6672 Banbury Road
Jacksonville, FL 32211
Phone office: 904-743-3050