The truth is, fix-and-flip investing is an incredibly rewarding endeavor, but fully lined up with pitfalls that can easily turn your dream deal into a financial disaster.So, let's break it down:The Good: Why Fix and Flip Can be a GoldmineHigh Profit Potential: If done correctly, flipping can yield 20-50% returns-or more-in a few months.

Asking in the correct forum will get a better response.Read the RULES!

Quote from @Cody Caswell: Quote from @Bruce Woodruff: You're correct that getting every detail involved right from the start is critical!

There are some strategies to make the numbers work in Denver, but in general, you are correct that prices make it challenging, if not impossible to make the numbers work.

Most are being encouraged to buy Class B-minus rentals and below, but no one corrects them about their mistake of using Class A assumptions on these rentals:When a newbie gets smacked with reality via their losses, they then can only suck it up until time improves their mistake or dump at a loss.So, my question is, why can't we all do better and grow our industry with integrity?

So, if a loss occurs while the property is being repaired or renovated, coverage would apply, correct?

If you are trying to get a cash out refi, I would think the bank would want to see the correct type of insurance for the business you are running.

It's becoming nationally known, so hosts who manage their properties correctly are still seeing wonderful revenue numbers!

You also get peace of mind knowing it's done correctly, that you're not missing any deductions and that you won't get audited.Good luck. 

The short answer is, Pricelabs users don't fully trust Pricelabs to set the correct rates.