Co-living also takes quite a bit of money to create more baths, walls, different electrical hookups, etc.

This can create deprecation needed to offset these gains, and we don't need to qualify for real estate professional to take advantage of it in this case here. 

As you mentioned intentional flips are typically considered inventory-This means the income is ordinary income and as such: - Is not a capital gain, so hold time of 1 year does not change to a better long-term capital gain rate - Can not be invested in a QOF Deductions related to it can't be pushed or changed- all costs are accounted for with the inventory component 

@JD Martin's argument that the loan is under your name does not change my answer.

Let’s Connect and discover ways to Work together, exchange Ideas, and create Value for each other’s Goals.Thank you, and I look forward to hearing from you!

When we wholesale with integrity, we create win-win situations and build real, long-term relationships.Let’s bring back the dignity in this business. 

What I wrote above does not create an attorney/client relationship between us.

It will depend on your preferences and how well you think you will tolerate having a room mate as you approach a new life with your partner.

And technology aside, this business hasn't changed much in the last 20 years.

I’m also using a 6% vacancy rate, which brings the net monthly cash flow to about $200 and a CoC return of 13.06%.Summary:I’ve created around $50k in equity (difference between ARV of $200k and total investment of $155k).I’ve got about $10k or $18,385 left in the deal (factoring in closing costs).The cash flow is healthy, and the CoC return is strong, especially as a first-time investor.Questions:Does anything look off or could I improve the numbers?