@Muhammad Kashif Flipping a property in 6–9 months results in short-term capital gains, taxed as ordinary income (up to 37% federally, plus NJ state taxes up to 10.75%).

Hope that helps explain the policy a bit more :) I need to stress again that I was not in the right frame of mind when I made this post.

One thing to bear in mind is that if you want first crack at a property offered by Networth, you have to finance thru Loans212.

Keep in mind taxes go up as do rents.

It's possible to find great tenants with thorough screening, but also be mindful if you're considering short-term (e.g., AirBnB) as it will expose your property to bad actors.Law enforcement and the legal system seem to operate quite slowly out there.

Here to rub minds and learn from everyone

I've picked up several really good deals because a tenant operator ran the business into the ground to a point where the property owners just wanted or needed out. 

The 2.9% fees add up quick

My opinion is that it's totally up to you. 

Agree it is difficult to assess costs when they vary so much by location.Keep in mind that some turnovers are sickenly expensive, and that is just the nature of the business.