In this market, I would not finance a first time flipper at 75% profit split because the profits and success rate is lower than the last dozen years.  

Hey @Brett Baker, generally, any place with a great water view or directly on the water will bring more revenue.Of course profitability will all be based on purchase price and prevailing nightly rates in the area.If you find a cool 2/2 or 3/2 right on the water with a great view for 1.5m or a 2/2 or 3/2 house a block away for 600k, then I would look at the house over the condo.

Otherwise, like any investment, profits get eaten up and headaches balloon. 

An LLC shields personal assets from business liabilities, while S-Corp taxation allows you to reduce self-employment taxes by taking a reasonable salary and distributing remaining profits as distributions, which aren’t subject to payroll taxes.

Now we're seeing major disasters in densely populated areas and insurance companies can't maintain their profit margins.

Without know more specifics, I'd suggest selling what you have now and investing in properties closer to where you live (and pursue 1031 exchanges).

He gives an example of 123 Main street (total profit/total invested capital)/time in years.

If I profit off of you buying real estate, then yes!  

Valuable and soon to be life changing profitability Lessons learned?

Any insight into what or how many platforms should be pursued?