Each strategy has its own set of benefits and drawbacks, as well as potential returns and risks.Buying to Flip for Quick ProfitBenefits:Quick Returns: Flipping properties can potentially yield quick profits, especially in a hot real estate market.Minimal Holding Costs: Since the goal is to sell the property quickly, holding costs such as property taxes and maintenance expenses are minimized.Creative Freedom: Flippers have the freedom to renovate and design the property to maximize its resale value.Drawbacks:Market Volatility: Flipping is highly dependent on market conditions, and a downturn in the market can lead to reduced profits or even losses.Capital Intensive: Flipping often requires significant upfront capital for purchasing, renovating, and holding the property until it sells.Income Tax Implications: Profits from flipping are typically taxed as short-term capital gains, which may result in higher tax liabilities.Buying for Rental Income and Long-Term InvestmentAdvantages:Steady Cash Flow: Rental properties can provide a consistent stream of income through monthly rent payments.Appreciation Potential: Over time, rental properties have the potential to appreciate in value, providing long-term wealth accumulation.Tax Benefits: Rental property owners may benefit from tax deductions on mortgage interest, property taxes, and depreciation.Challenges:Tenant Management: Dealing with tenants, maintenance, and property management can be time-consuming and requires effective management skills.Market Risks: Rental income may be affected by market fluctuations and changes in rental demand.Liquidity: Unlike flipping, rental properties may not offer immediate liquidity, as selling a property can take time and incur transaction costs.Comparing Potential Returns and RisksBoth strategies offer the potential for attractive returns, but they come with different levels of risk.

Responds to market fluctuations and changing demand patterns.

The real estate market can fluctuate due to a variety of factors, and what's more, these descriptions provide a broad overview.

I have never used the BP calculator so I cant comment on that but if you made your own to provide better abilities to input fluctuating numbers like closing costs at purchase, then hooray for you, nicely done.

So far, so good.Vinyl products are of the glue-down, peel and stick, and floating systems.Vinyl shrinks and grows with temperatures as they fluctuate.

@Matt "Roar" Gardner are you saying that the condo HOA fees fluctuate be on the season to make it easier on the owner in the winter and more profitable for themselves during the busy season?

This is the item I suggested getting a tax preparer for.The increase in property value after you convert to a rental will not impact depreciation, as depreciation is determined by "basis" which doesn't fluctuate with property values.

The balance fluctuates depending on where we are at with next purchase, but minimum is never under $10K.

My two cents on short term rentals:The closer in to urban centers you are, the less of a seasonal fluctuation you experience in vacancies.Investors should know upfront that successful short term rentals are full time jobs.

If your principle paydown is fluctuating by $25-$40 each month but not consistently increasing, then it sounds like you don't have an amortized loan.