I’ve seen major margins on drywall labor.

@Tom Gimer  good ole boy wink wink has gone away in Oregon as well... not that the Doj per say did anything just too many players chasing the same deals.the day I decided to take our 10 million out of the foreclose bizz and turn it into HML was this:opening bid 80k  home worth 170k  rehab 30k  32 qualifiers with opening bid checks thats 2.4 million in cashiers checks chasing one deal that ultimately sold with maybe a 10k margin...

Account ClosedThe 70% rule is used to make sure there is enough equity or profit margin in the transactions.

I would put myself in this equation if the deal had more significant numbers (rents, margin percent, equity) but since I'm not buying in the Raleigh area anymore it doesn't make sense for me anyway....

Some flip for small margins and make it up on volume.

The net income is subject to federal and state taxes at your ordinary, marginal rate. 

It will cost more to get in today than yesterday and your margins will be thinner.

If one is already past the wealth expansion stage and the marginal utility of the next dollar is not worth the effort it takes to keep ROE up.. more power to them. 

I assume for some deals and strategies there's a big enough margin to cover all but I'm curious if there's a rule or something.I'm a licensed agent and there hasn't been a time where my buyer's have had to bring money to the table, and that's one of their biggest requests.

But everyone else knows that too, so there is a ton of competition and slim margins for flips in that price range.