Also, when you say you cleared $550k in revenue, where did that put you for your net profit?

The sale price will most likely be around $500,000 and the mortgage is currently about $200,000.I plan on using the profits (let’s just say $300,000) to build an ADU on property that my family owns in Central Oregon.

I never liked Airbnb's or VRBO's pricing structure because it seemed more like they set a price that will get you booked so they can get paid, and not necessarily for the profitability of your listing.

The small markets won't appreciate much but cash flow well.I'm not against house hacking in the bigger markets either, but my hometown market seems very profitable cash flow-wise.

My vote is invest in other markets where the money makes sense and then take that profit to visit whenever you like. 

I am guessing you like the numbers you see in Strawberry Mansion and Norristown (Montco not Philly) but do you know for a fact that at those numbers, you can do a full gut rehab and be at a number that will allow you to profit, and along the way make some sizable mistakes especially if this is your first project . . . 

Purpose of the fund: To purchase old land, rezone, demolish, and rebuild homes to sell at a profit.

The first year we spent $45,000 on the program, and our deal flow doubled with our net profit up 70 + %.  

Sell it for $220-240k rangeInvestor puts in $60-90k, Flips for $350-400k realizing a profit of $50-100k. 

Id like to understand what the most profitable way to fix up a current 1,700 SFR in a 6,200 sq. foot lot would be?