When I'm looking at Colorado STR potentials for our clients, and reviewing AirDNA numbers, it's not chance why the most profitable properties are what they are.

I.e. flipping a $100k house may yield you 30%, but that is only 30k profit, versus flipping a $1mm house at 20% profit, where you make $200k.  

In Minneapolis are making it very hard to be profitable.

To me its more a learning experience, hopefully I'll find it a good and profitable experience.

I am considering whether asking  the bank for a loan over the property to use this capital to buy another fix -flip property   Or to sell the property,  ( maybe  wholesaling because closings costs would be expensive leaving no profit left)  I am here to read your ideas on this.

We will sell the home in May 2025 when my son graduates, and I will share the profit with him.

Solid profit on the deal in the end.

., and Anderson Ave.Assuming your unit's value is consistent with the average unit sale, you'd have a roughly $90,000 gross profit. 

Pay a pm and the profit is significantly reduced 4) path of progress.

This approach allows you to manage the property closely, benefit from homeowner loan terms, and potentially increase its value with improvements before renting it out.As you transition the townhouse to a rental, ensure the rent covers all expenses and provides a profit.