but keep in mind CA has higher taxes and reg fees and I’m not doing more than 1-2 flips (short timeframe flips)  a year and many years do 0 flipsDo most flippers put flips into LLC Or in personal name (sole proprietor)  in CA (where you must pay $800 yearly plus accounting and other fees $300to $600+ yearly to maintain LLC) Pros for personal name-save on taxes accounting.

It's the boring places that probably won't appreciate above the rate of inflation that will provide real month to month income. 

To replace your income you need to flip a lot of houses, I'd do the math with an average 10-15% profit margin, because you have to account for some turds.The other opportunity is to change your job and take out the element that you hate.

Account Closed  you know me MR> Blabber mouth LOL.... my experience with them in Dallas is not anything that I can repeat on a public forum.. suffice it to say not a scheme I condone or would want to emulate.. but hey its America right !!!

I have some of the required funds in a HYSA, but will most likely need to draw from another account and I'm curious which method is the most efficient in terms of taxes/capital gains, penalties, loan repayments, etc.Based on my previous transactions in the market, I estimate ~$45k cash to close: $20k for the down payment, $15k for closing costs and prepaids, and $10k of starting reserves.

Then you need to account for soft expenses like Vacancy/turnover, maintenance, and capital expenses.

I don't like the returns but we use regular savings accounts. 

Now I can see some builders having an issue with comps.. but other than that its crazy to take these funds as income and then pay tax and plow it right back in.. 

If you are able to setup a credit card identical to your accounts payable accrual account, it should operate the same.  

To make taxes easier we set up a business checking account and had all the rent paid into that account and all the expenses paid out of that account.