Does one home purchased to fixup and flip require a schedule C?

[Zee]

If a taxpayer has purchased one home to fix-up and resell, is a Schedule C required or is it investment property? How are the expenses handled?

[Chief]

Schedule C

You can only go on what your client tells you. Is this likely to be the only home he will buy to fix up and sell. Be sure an have client sign an engagement letter. Is this a likable one time thing or not? If it is I would go with the investment concept and Sch D.
But if he returns next year with another house I'd change the way I handle it.