Hi Sweetpea,

In addition to the questions Larry raised, you should probably consider these as well. How much profit do you plan for your company to make? What are the tax implications of this additional income to the company? Is the extra expense of two closings really worth the trouble? How much capital gains tax will your company have to pay for flipping the home? I'm sure there are other questions you want to ask yourself, and maybe an accountant, these were just the ones that came to mind quickly. There could be many reasons to proceed on this course. Likewise, there could be many reasons NOT to proceed down this path. Choose carefully!

Sweetpea,
It is perfectly legal unless there are some deed restrictions to the contrary. Now it will also depend on your loan. Is the investment company using cash or a loan? Also you will have to check with your lender that you are planning on using. One question though is your company an actual incorporation or a sole proprietorship. There are just some specifics that we need in order to tell you all the ins and outs. On the surface it seems OK.

Hope this helps,