To do it profitably?

Look to see if they are growing and profitable. 

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You could use the monthly profits to pay down your heloc which at current pace would take about 8 years or so. 

Since Nassau County home prices are high, ensuring there’s enough room for profit after the flip is essential, especially considering the potential family dynamics and the costs involved.It’s definitely doable, but being upfront with the family and working with an estate attorney are key to making this work for everyone.

Thus, the "Other Costs" increase significantly if a person were to sell their property in the chosen year.Just fill in everything, including the Advanced Inputs (you'll need to change default 30 year mortgage term to 180 months for your 15 year mortgage)Transfer costs will depend on your state and local municipality.Tax on rental profit will be your current or projected personal tax rate.THIS CALCULATOR IS PRETTY THOROUGH! 

Let's say $100/hour fully loaded, plus a truck, overhead and then add another 20% profit on the total (material and labor), because that's the whole point of running a business.

.- Long term:  "I will have more than or about 5-10 cashflow producing assets making me 5-10k a month in profit. 

The $0 down payment, while convenient, also does not set up a great profit margin in the beginning.

However the other fees they take are before you even see profit.