In 2023, gross ROI for flips averaged 27.5%, but net ROI (after all costs) is usually 10-20%, calculated on the total investment (purchase price + repairs). 

I learned many of my techniques from Brian Burke and The Hands-Off Investor.

Some of the profits and losses I’ve been seeing in certain properties have been significantly lower than Airdna projects, with only a handful being in the projection range, and maybe one or two exceeding. 

If someone manages to get the pepper spray out of your hand, it can't be used to kill you (unlike a gun).

Land  Development and vertical construction are hands down the toughest loans to get..

Additionally, it can help maximize renovations and improvements.20% of the total depreciable basis was classified as 5-year class life.

Unfortunately, Texas has a law prohibiting HELOCs on rental properties and I believe they also have a 70-75% max total loans allowed on the property which cuts into the equity I've built and would only allow for me to access 30K which would make it less appealing to go through the process for only 30K.

The total cash returned will be less on a financed property - but in all actuality it is better to finance because you would be able to do far more deals with your $1mm and ultimately you would come out way ahead financing all your properties.  

I seriously doubt it is a service animal, more likely a emotional support animal (a pet usually with papers off the internet)....I like Jonathan's description of ESA being handed out like cotton candy at a state fair...pretty accurate.

- What portion of the total budget should be allocated for marketing and insurance?