Net profit could dip to $20k-$40k, which is tight for this scale of project.Consider adjusting your reno budget or negotiating the purchase price.

Also, when you say you cleared $550k in revenue, where did that put you for your net profit?

Adding the current mortgage and utilities would be roughly $1,350 resulting in a profit of $650/mo.

With property insurers’ profitability and trade combined ratios improving, we can expect some relief soon.

(I am looking for private lenders who don't charge interest but rather take a portion of the profit.)I emailed the support desk for a refund. 

A good landlord understands that vacancies & Rent-Ready costs will destroy your cashflow and profits.

Back before I retired, I didn't need any of the cash flow at all so all profit just rolled back into more properties.

What do you do with the profits from the company to avoid income taxes.

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The small markets won't appreciate much but cash flow well.I'm not against house hacking in the bigger markets either, but my hometown market seems very profitable cash flow-wise.