Based on the knowledge and experience you have, would you consider this strategy if you had to go back at my age?

I think it is fair to say that there is somewhat of a tradeoff between markets that provide positive cash flow on day one and relatively high appreciation-based markets.

But based on him saying that the loan is "being paid off every month by my buyer" it seems that we're dealing with A, subject-to.We need clarity, Anirudh.  

To remedy this for next time I am in the process of creating a design board that can be used as a base for future flips.

They need to be high traffic areas in "trendy" parts of the city, or the alternative is what this forum is discussing being near Cleveland Clinic where travel nurses can be a large part of your tenant base.

If you want to buy  STR or MTR, i recommend buying next to hospitals there or near strong economic bases.

I'm a local, CT based investor, flipper, and property management company owner.  

Allocate equity based on contributions: you provide the $235K HELOC and management, while your former boss contributes renovation expertise and labor.

ASSET BASED LENDINGNote: Hard money is defined as average loan size under $2M, average loan hold duration under 2 years, and not a bank. 

Does anyone have a "program" or formula to use to establish a reasonable list price based on current income and expenses.