This flip at 1272 Lakins Rd, Etna, was a learning experience as it was the first for my business partner and me.

NO for sure IF you are doing your first deal then 75 25 is totally appropriate in my mind. 

To throw a wrench into things, if we were talking about real property/structures that were being short term rented, it's possible/likely that your depreciation period would be 39 years, not 27.5.However, a vehicle - which is what an RV is, regardless of how you're using it - is 5 year property.

The more challenging stipulation is you would need to use it more than 50% of the time for business use (and you need to log the miles to document that).  

I'd highly recommend house hacking in your local market since you're in one of the highest cost of living areas in the US, especially if you're renting currently and planning on staying in the area for 5-10 years.It sounds sexy to go out and invest out of state for your first property.

This may lessen vacancy time frames

Purchase price: $190,000 Cash invested: $68,829 Sale price: $299,633This was my husbands and my first ever flip.

Anything past that might feel weird.Good job going to your first one, that is a great step that too many people miss out on.

My husband and I are approximately 6-12 months out from executing on our first real estate purchase.

Quote from @Stephen Fleming: Quote from @Caleb Brown: I would do one thing at a time.