I have $10k in profit, and my original $500k back to lend to the next person.Let's say I flip that same $500k 10 times in a year.I just earned $100k on $500k.That's a 20% ROI.In reality there's a lot more going on, various estimates say the net cost to originate a single loan is $4500 to $8500 mostly due to Dodd-Frank and CFPB... probably 0.5% of your interest rate is just that alone.

I'm confused about my cash out using the BP calculator vs. reality.

So basically Like said in reality probably no one bids and you end up owning the house subject to the first.. 

But to me, filing for my LLC was my reality check letting me know this was for real. 

@Tim SchroederIdeally you would like all the information in one place(which would be the accounting software that you choose).Being able to get a snapshot of what mortgage balance, income, expenses, equity in any given period is great.However, in reality, you only need to put in information that you find will be useful to you.Income/expenses are a definite since you will likely use those figures when you file your taxes.The other information such as asset cost, equity, downpayment provide you information that you will likely only find useful that in reality - you can possibly get by looking at a mortgage statement or such.With that said - track information because you need it or find it useful.

Not a romantic notion of some HGTV show, but the reality of rehabbing and all the risks involved.

A lot of times, they will start high and gradually come down when the reality of the market shows them what they can actually get as opposed to what some BPO tells them.

This shows a booming area.In reality the truth is somewhere in the middle of dwindling & booming.

The reality of todays market is that it is over inflated.

So in my market, it is very common.Your agent is likely giving you the reality of the market.