The goal of flipping a house is to maximize profit while minimizing the time and effort spent on the property.

I have found that with the right tenant a long-term rental takes extremely minimal effort.

I had the foresight to put these signs up when we bought the cabin and think this definitely minimized the possibility of any legal action.

Taking on a flip with minimal experience could be dicey.

Which if you do it in Wyoming the costs for the LLC are minimal.

Here's insights for 2024 Q1, projections available at your request - hopefully you're using these to value property purchased and it should help determine your list price to minimize DOM!

I can tell you what my minimal returns would be...and the method and form they take to get there.If I were to put $50k in, all cash, I would expect to get at least $60k in all cash back at the end of the first year...and continue to have that property generate a minimum of 10% ($5k) in cash every year after that.

-Financing: Leverage your VA loan to minimize your upfront costs.

Exception would be that I'll consider selling and using proceeds for BRRRR (and currently this is the best idea I have).Ideally I'm looking for minimal cost to me.

Regardless of how much you invest, your risk is spread among a broad base of loans, allowing you to track overall averages rather than luck, plus you eliminate (or, more accurately, minimize) cash drag.