Plan was to do self storage; then found out the creek that sits a ways back flooded 5 years ago, not in a floodzone but all the locals know so self storage is a tough sell at this point. 

@David MartoyanGreat question—it’s a challenging time for BRRRR, but there are still opportunities with the right approach.Prepayment Penalties: I plan to keep my BRRRRs for 5 years or more.

A few years ago I got caught with a number of housing units I built in Philadelphia I planned to sell to owner occupants if not for the  2022 unexpected rate increases.

Can someone provide me a fully detailed cost plan of every single item that I will need to pay when doing a fix and flip.

I agree with a strong property management plan, but I find the screening process is paramount. 

You can buy a luxury home in Florida for example for $1M to $1.5M bigger than a $2.5M home in CA.They make Hurricane Proof homes now so its not that bad if you plan a ahead.  

I planned to recommend getting the deal under an assignable contract and if you can't make the financing work try to find an investor to transfer it to for a one-time profit. 

(They both shrink your pool or buyers and combining them really shrinks the pool.)Assuming you don’t plan to do a 1031 exchange you’ll also pay higher taxes if you can’t spread them over two calendar years, but not much. 

Given the estimated value of $1M and your plans for repairs, there are lenders who might be interested in providing a cash-out mortgage for $500K to help you pay off the owner financing.

However, it's essential to ensure that the property's condition aligns with your investment goals and that you have a clear plan for any necessary renovations.Fix & Flip :Freddie Mac properties can also be suitable for fix-and-flip investments.