Currently working to gain capital as I educate myself and seek knowledge through every possible avenue.

Hey @Shaheen Ahmed, A lot of deals aren’t top performers right out of the gate, but the key is finding ways to maximize income to offset costs like taxes.Stay consistent with analyzing deals you’ll find an area that works for you.

Hyde Park is a little tough since there aren't many (if any) plots of vacant land or vacant homes there.Why Kansas City?

MOST transaction aren’t BELOW market, although I’d venture that 85% of those buyers BELIEVE they’re purchasing real property at a discount.  

A lot of folks don't take the time to educate themselves on how to do that. 

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Attending local meetups, analyzing deals regularly, and continuing education would position you for long-term growth.Good luck!

There aren't many things that "appear" to be leaks, they usually are leaks and if it's been leaking since May you are going to have way more issues to worry about than a premium plumber charge.

You're in the business of flipping houses, so any self-employment taxes on the ordinary income most likely aren't being calculated in QB. 

I'll be losing it, but I'm willing to consider it the cost of education.