I knew nothing about renovations, home ownership, or property management, but I had a vision, determination, and a mentor in my dad.

You are also looking at your desired closing date and determining how much time the appraiser needs and anything else required prior to closing. 

ci=Bismarck&st=Nor...This will help you determine how much demand there is and whether or not you can charge enough to cover your expenses and hopefully produce some cash flow for you.

How could I determine how much demand there is?

If so, how is that determined?

Then, over time, probably a few months, start to determine who you would feel comfortable doing a deal with.

(i) has not attained the age of 19 as of the close of the calendar year in which the taxable year of the taxpayer begins, or(ii) is a student who has not attained the age of 24 as of the close of such calendar year.Here, in black and white, the law specifies that the determination is made as of December 31st and applies to the entire year.

.: I am trying to learn and understand... someone told me that its not just size of the home or level of the flip that determines profit, and that in some markets, what is considered a typical profit is 300k based on the 70% ARV formula.

Quote from @Tom Gimer: @Jay HinrichsIf a law is passed that has the effect of reforming existing contracts, there is a fairly detailed analysis/framework for determining whether it would be constitutional under the contracts clause.

Correct - Track all your income and expenses.The bookkeeping will determine whether you are profitable or not.it will also be good to compare from year to year your income / expenses to see what expenses you can potentially try to limit.I.E.