The property's strong market demand made it an ideal candidate for a profitable fix-and-flip project.

Step two is learning to make it profitable.

After the pandemic-fueled housing boom cooled somewhat in 2023-2024, the market has found a new equilibrium that presents interesting dynamics for flippers.Key statistics worth noting:- Median home prices have stabilized around $450,000, representing a 3.5% increase year-over-year- Average days on market: 42 (up from the frenzied 12-15 days seen in 2021-2022)- Inventory levels have increased by approximately 25% compared to early 2023Where to Find Flipping Growing NeighborhoodsSeveral Phoenix neighborhoods are showing particularly strong potential for profitable flips:1.

Yes, the more deals you do, that are profitable, the more money you make. 

Working to systemize this business to run efficiently with future limited supervision to then take the cashflow/profits to continue investing in building our long term rental portfolio as well as invest in other business endeavors.

And I am betting the headaches is why seller is so motivated and is flashing that $ and hyping it up like it's so profitable, yeah come on do it, it's so great..... it's so great they are chomping at the bit to get out from under it. 

Paying off rental mortgages increases monthly cash flow but reduces liquidity, while investing in hard money lending offers high returns but is taxed as ordinary income.Buying a multi-unit rental provides tax benefits like depreciation, while purchasing a business can yield strong profits but requires active management.

As more people placed more properties in STR inventory, and as more municipalities taxed and regulated the industry, the profitability of the overall industry has reverted to a much more aligned (lower) risk adjusted return.  

During my time with the company they transitioned primarily into 1st mortgages.

That could mean working with an investor willing to fund the deal for a share of the profits or starting smaller with a house hack or live-in flip to build credibility, or putting sweat equity into a deal with a partner to learn and build your track record.