(It is ridiculous.)

WTH you talking about, ok this post it ridiculous.

YOU and ONLY YOU need to know ALL the numbers, for EVERYTHNING. but again, this is 50 bux, some of these posts on BP are getting more and more ridiculous, 

That is a ridiculous statement. 

I definitely was in the never California camp because I assumed all of California was ridiculously skewed toward the tenant. 

How are we here having this discussion like it is the most normal thing in the world to be naming people who made ridiculously irresponsible decisions over the last 5 years as good candidates for OP to ask for mentorship from?

Land values have been inflated to ridiculous levels lately.

I get a ridiculous amount of emails and I can't opt out. 

This Rev Proc is ridiculously convoluted, with multiple exceptions to exceptions and cross-references instead of plain language, so it took me time to study it diligently.

If we crush the rehab I think we can even push closer to 200Cash-Out Refi Amount: $131k (75% LTV of the conservative 175k figure) Profit if done as a flip: 60k. (175k - 115k purchase price & rehab)Cash Invested: 18k (This accounts for $7,500 for down payment to lender, $2,000 in EMD to seller, lender fees, inspection, insurance, title, projected 3 months holding costs at $1000 per month)----------------------------------------------------------------------------If I do it as a flip, from what I understand, I'll be hit with a ridiculous tax bill (24% short term capital gains + 15% self-employment tax), leaving me with roughly $36k after-tax profit. 36 - my 18 invested leaves me with 18k increase to my net worth.