Rising property values help, but make sure the numbers work with high carrying costs.BRRRR: Great strategy if you can still find properties below market value.

This was the first property we carried flood insurance on, during our project.

He sells you his house for his basis $323k carries the note.  

These loans are quick and align well with your goal of selling within the year...just watch for carrying costs.For Home 2, the $210K mortgage complicates things a bit, but it’s not a dealbreaker.

The high HOA fee is already a factor, so ensure you’re comfortable with the overall carrying costs.Focus on the Land Value: Since the lot has development potential, you’re looking at this as a long-term investment.

Hard money loans offer fast approval and don't risk personal assets but come with high-interest rates and fees, which can be tax-deductible as carrying costs.

Quote from @Jason Baker: I’m A 11th Grader And I’m Committed To Being A Young Real Estate Investor After HighSchool...Just Trying To Seek AdviceThe average person who went to college carries $40,000 in debt. 

If you are on cash accounting, yes you could do that.On the other hand, you are ignoring carry-forward losses. 

That said, working with an uninsured contractor still carries significant risks.

Without knowing any of your financial position of your work or side hustles it is hard to give you exact advice because you may be able to carry these homes until they are paid off and in that case they would provide solid returns, but there are likely better real estate investments out there.