My team has been doing this for 5+ years and it's not easy.

Our Challenge is We’ve successfully completed 8 flips in 24 months and are ready to scale to 20-30 flips this year.

This is not an exact science.

(Source) This is up from 35 years being the average age the year prior.

Previously I'd always used Stessa, which has a great Net Cash Flow statement view, breaking down the usual income/expenses, but also includes a section for Interest/Principal, and another section for CapEx. 

The training becomes less about actionable content and more about a grand vision—"how this idea will change your life"—but with little behind it.When the idea loses steam, the lifestyle gets sold next.

I have experience handling this in Michigan with my short-term rental.

You don't get this $30k catch-up deduction back as a refund.

Is this the correct Bret Hudson?

Note that the diagram doesn't consider tax implications—that's another important factor you'll need to include in your decision.