Quote from @Matthew Estrada: Hello everyone,I recently read a post and wanted to share my experience with The “Flip System”, as I believe transparency is crucial when considering investments like this.I come from a blue-collar background as a first responder in Los Angeles, and I was drawn to Flip System due to the promise of having deals vetted and presented to me, as well as receiving education on how to fix and flip, implement the BRRRR strategy, and sell turnkey properties.

Timing can be crucial, so getting advice from those with experience in Tampa can be beneficial.

Taken from previous replies, the first step said perfectly by @Jon Martin is setting up your property to avoid issues in the first place is crucial.

This peace of mind was crucial for us and we may not have entered the landlord world if we wouldn't have had that peace of mind.

Your CPA's assertion that the insurance proceeds won't be taxable if reinvested entirely into the property is accurate; however, it's crucial to address the issue of depreciation and potential partial disposition separately.A partial disposition allows for the recognition of a loss upon the disposition of a portion of a property.

A HELOC and a Home Equity Loan are the same thing.I have an excellent residential mortgage broker who can help you with this, he's based in Orange County. 

Hi Scott,It seems like you’ve got a strong understanding of creative financing and investing strategies, but I do have a couple of comments and suggestions that could help you improve future deals.First, while your financing structure was incredibly effective, it’s crucial to always account for potential delays in renovation and build in a buffer for holding costs.

Something crucial to remember.

You are trying to compare oranges and potatoes, this is not appropriate here.

However, they don’t offer on-the-ground management, restocking, or property maintenance services that are crucial for remote owners.