Yearly increasing costs will, in time, eat up any profit they have per unit.

Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.

BiggerPockets Pro members will have access to all Stessa core functionality and advanced features, like unlimited portfolios and SREO, all at no additional cost.

Really diving into the features they have like Orphan Days, Price Adjustment Aggressiveness, etc. makes them even more powerful.

Here's an article with FAQs including the cost of a study.

Speak with lenders early to understand your borrowing power, and explore multifamily properties to maximize your house-hacking potential.

It's powerful software, and it will make running your business easier in the long run.

You're learning about the eviction process, tenant screening (never "word of mouth" again), the power of a lease WHEN not IF a neutral third party needs to be involved, tenant/landlord laws, and managing tenants who don't care about your business the way you do. 

Jeremy Congratulations - I grew up in that area and cost of housing has skyrocketed while incomes have not, so there definitely is a need for affordable housing in that area (as well as pretty much everywhere else)

City's with radical liberals in power like to throw unenforceable laws on the books.