LOC's can have negative effects on your future purchasing power if not set up correctly and keeping in mind you can "never" use an LOC as a reserve or asset.It will always be a debt burden and can over inflate your back end debt ratios depending on the W2 income and your liabilities.

you probably know this but - there are holding costs associated with most flips - interest on the loan, insurance, and sometimes others depending on the localityhope this helps 

I would call it more of a B area, depending on what area you're looking in.

Depends.

Snow removal is typically dependent on the amount of snow.  

It depends on your local laws.

., great questions and there a couple of ways to handle this in New Jersey, depending on the situation.1.

Depending on if you qualify for the special allowance for active RE, you may be able to take up to $25k in losses (unless you are full time in real estate and may be able to use real estate professional status). 

There's no refund for the time and effort spent.2) Dependent upon City/County Approval: Even after all the due diligence, we're still dependent on the city commission's approval.

The process is very involved as you'll have to navigate pre-construction activities that involve architectural plans and approval from the city and then the construction activities (Shovel to soil) take anywhere from 5-9 months depending on how much your building.