I think expenses may be a bit light, especially 10k for initial improvements.

Flipping is a business that you need to know what you are doing - otherwise the chances of success are low. 

Hello BP,I'm wondering if any experienced operators out there can shed some light on best practices.

Many people were making money hand over fist from low interest rates, strong stock prices, hugely appreciating real estate (both LP, GP and housing prices).  

You could sneak into Morris Co maybe, but it would small and low on rents in towns like Dover or Netcong. 500k in Hudson, Bergen, and Essex Counties are rehab specific in most cases or hiding something.

That is owner occupied starting 2025.I will test (if approved) STR or MTR…on the other unit, but also Besure it works for LTR.We both have good credit, DTI is way low, great jobs, and money saved to start this process.Here in Lexington KY I feel it’s hard to find duplex in a decent area unless it’s over $500k.We each prefer under $300k for a duplex.

Account Closed 5 should be enough because:1) Most DIY landlords don't follow privacy laws and will give you feedback on the phone.2) You can weed out a decent amount of applicants due to low income, lack of job history, etc.

Rehab                20k        I funded it.My new client put 10k into the deal I require that when starting out with a new client.sold in  158 days  148k  Netted  134k  - 80k - 10k ( clients contribution) net profit  Net profit 44k  Minus my funding fee of 10k and my new client made 34K  on a light rehab. 

Let’s start with some basics of realistic expenses offset versus unrealistic gold rush paradigms in a high cost, high tax, low occupancy state:You’re not getting 20% CoC.

BRRRR is a low-cost real estate investing strategy that involves buying a distressed property, fixing it up, renting it out, and refinancing to pull out equity.