I think one of the biggest risks you face with Cash Out is interest rate risk.It's really difficult to predict where interest rates will be in a 2-5 year time period, so it can also be challenging to model out future mortgage rates.

Did Covid teach you anything about predictability?

I did not use my own money, it was borrowed and it will be paid back in 1.5 months vs the 5.5 months predicted by Tardus (because, again, I am conservative in all my calculations, including my current cash flow). 

so to build a strategy relying on heloc money involves a certain amount of risk in the 09 to 2011 time frame I bailed out flipper after flipper who had their heloc frozen were half way through projects and could not finish them.Not predicting this but its something to be aware of. 

As soon as there's no federal bailout for building in known and predictable disaster areas, either insurance will be priced to risk or people won't be able to get it at all and will have to be self insured for that risk.

It can be difficult to provide any predictive info (while scrambling in reaction to a worldwide pandemic), but at least a status update is always good.

Did Covid teach you anything about predictability? 

  " Inventory should increase and prices should dip" Ray,you were so wrong in that prediction because as everyone knows, the  interest rate dropping and many people's rush to buy housing so they could work remotely actually caused price increases in so many places.  

Think Indianapolis is a great market for investing - we just released a list of our top 5 markets for BRRRR Investing for 2025 (just an analysis and prediction) and we put Indy at the Number 1 spot

So the actual tax bill is going to be impossible to predict without looking at the individual owners' personal tax situation.How much of a gain do you think you made on your first flip?