I am more in the Multifamily front and started with a couple of flips. 

I am concerned about it being done improperly, prettied up with paint, which many people do with even house flipping as I did this for a number of years, and then a short time later after everything is done and everyone exits, it all comes apart and you are left fixing it.

And of course its not all little house flips.. we have bare land flips going ( really like that ) and we have development deals going  those are right in your neighborhood :)  And of course are much bigger deals more like 7 figure fundings for housing subdivisions..

I have experience with house hacking and am an interior designer by trade, I am very ready to start flipping homes in my area of Asheville, NC. 

I am here to learn about Memphis fix and flip market.

BP has various tools to help you analyze your deals (rentals, flips, wholesale, etc). : https://www.biggerpockets.com/investment-calculators7.

Ask if the brokerage has any books about investing, like FLIP, HOLD, or the Millionaire Real Estate investor. 

Looking forward to connecting and jumping in on the fix and flip action! 

I'd like to do fix and flips full time but don't quite have the capital to do this from the start.

Q2: How do I report the profit and expenses from the sale of a flip?