don't rely on those who stand to profit off you, to teach you how to make profit.

I like to see how long it will take me to recoup my net profit if I flip it via cash flow.

and lots of hot springs now on to RK as @Wayne Brooks  PURE FANTASY  now you can in some states bid with a deposit at sherrifs sales.. but the competition in 99% of the counties in the US is so keen that those kind of profit margins are simply not there. in CA its cash on the barrel head to buy one. 

The deal may be great, but if there's not much profit for them to originate the loan then they may pass.Otherwise the deal looks line.

If you hit those numbers you're probably looking at a max of about $15K profit.  

I am now looking into transitional funding and looking into other hard money lenders.

You'll have to figure that in as well for your buyer's target profit.

I don't want to transition to real estate full time as I really do enjoy being a nurse and helping others.

Pictures, expense reports, profits etc. 

But the other side of the coin is selling for the profit which will likely be about $52K - taxes.