Mortgage rates declined to their lowest levels in over a year, a sample of more than a dozen industry professionals said they were quoting most borrowers in the high 5% to low 6% range on government loans and in the mid-6% range for conventional mortgages.

@David Trujillo your father, like all Americans, has the ability to avoid up to $250K in capital gains taxes on the sale of his home using the 121 exclusion. 

I also have zero interest in positioning ourselves as a “value” offering in an industry where top performers can 2x + the cheaper companies. 

This may be more of a question for a lawyer, but from a tax perspective, that's my input.It's also worth looking at the sec. 121 home sale gain exclusion to see if it might be something you qualify for in order to take advantage of the exclusion amount since you mentioned it was a previous primary residence.

At the end of the day, having adequate capital to purchase deals is a crucial part of this industry.

You have some great goals and sound pretty adventurous so you are in the right industry lol I love hiking and would love to kitesurf but will start with paddle boarding first. 

We use QuickBooks Online exclusively for all of our REI Clients but we don't use it for property management purposes (just accounting).

Wife is a realtor, hubby is part owner of an industrial construction company.Ideally wed love to get a fix and flip for our first investment.1- what is something you wished you knew before your first flip?

Rely on industry acknowledged experts for advice.

Keep your loan approval process quick and flexible, build strong industry relationships, and offer competitive rates.