Purchase price: $79,000 Cash invested: $69,221 Sale price: $178,000 This was our first flip project.

., and in your analysis account for slightly higher PM fees.  

Hey All, it looks like there's a lot of people here looking to meet and work together on a project.

Having people who know the market and can help you manage the project or property is crucial to project success, especially if you can't be there regularly to handle things that will come up.

I have a cash flow analysis spreadsheet that I like to use when looking at deals for my investor clients to make sure the numbers work.

@Chris Berezansky sounds like a cool project, what is the ask here? 

The objective is to keep as much of your operating capital intact as possible.The goal is to buy, fix, finance, and avoid leaving cash in the deal, so you always have liquidity for future projects.

Yes, very fair analysis.

Ideally a HELOC is used for less then a  year project where you can refi or sell to pay back the HELOC. 5 years is a long time, things can happen and if you reduce the cashflow on both properties you'll be increasing the risk and having thinner margins.

Pick solid operators and solid asset classes.We syndicate self-storage projects.