Live-In Flip: Holding costs?

[Ned Shuck]

I am excited to be a new Member.  I am looking to start by buying a Live-In Flip single family house. I used the Flip calculator to analyze the property because I didn't see one for a Live-in Flip.  How should I calculate the holding costs for a Live-In Flip since we most likely will live in it for 2-5 years? My wife is desperately wanting to get out of our rental ASAP without changing our school district by the end of March at the latest.  Pretty slim pickings for properties so I'm getting a little nervous that we aren't going to find a deal.      

[Jeremy Taggart]

@Ned Shuck I wouldn't dive too deep into the holding cost aspects of you living there. Just run the numbers assuming it is a normal flip because the house that makes the most sense as a normal flip is more than likely going to make the most sense as a live in flip. Only difference would be since you are planning on selling at a later time you should think about the overall future outlook of the area because prices can change. You also have some emotion involved with a live in flip that needs accounted for since you would be living there so that could give one property a one up on another besides for purely the numbers, if it would be a better living situation for you and your wife. I would also look at the property taxes as you would be paying those for the time you would be living there.