We have purchased a property for flip that's currently under renovation.

I am assuming you did a full renovation, so the SFH property is now turnkey.

Like any investment, there’s a learning curve—understanding which properties qualify, accurately estimating renovation costs to pass inspections, and managing typical real estate risks.Having a reliable maintenance and management team in place is key to long-term success.

I was already doing painting and renovations.

If you had also spend money on renovations and improvements while occupying those should have gone into service then as well. 

Personal loan for renovations How did you add value to the deal?

New home and existing home renovation/construction in the pipeline has fallen off a cliff, especially in the current high interest environment.

Renovations can cost more than you expect, add 10% to your overall number.

@Troy ParkerCongratulations on the renovations and your new job opportunity!

A good property manager can guide you in selecting properties that will attract a tenant segment with a high concentration of reliable people.Access to cost-effective resources for renovation and repairs.Lease terms enforcement.