Most, if not all, of the expenses related to the flip will be added to basis and used in determining the taxable profit upon the sale, so flip-related expenses should be noted as such, separately stated from other, non-flip-related expenses.

If the mobile homes are very nice they may have some value which can be added to the value.  

@Brian Woods, sign up for the next webinar, and you will be added to the mailing list again.

No they are not on deed, but they have a quitclaim deed that would be added but not recorded just in case something would of happen to us. 

I know I could be added onto it and we keep it as a rental with a higher rate, but we want to see if there is another option here.

I came across a potential opportunity (not under contract yet) but I am having a touch time finding comps and coming up with an offer price for a 7 unit property that has the option to be added on more and the strategy would be STR.

I feel the former is a more appropriate route because not only will you be marketing your business, but you will have face-to-face communication with individuals that could be added to your buyer's list.  

 If you are talking about the rehab costs, you will have to create a simple excel sheet where you can put in your budget for each item and then subtract the costs from the budgeted amount for its category as the project progresses. mean time it can subtract from your total budget price so you see where you stand, just input the holding cost as you go. otherwise the sheet does tell you your monthly holding cost and your closing costs, which is the cash you will be needing for closing. the sum of both are on the sheet and can be added together for that information.are you asking that @Joshua Dorkin & @Brandon Turner to add a P&L calculator to the fix and flip calculator in order to keep track of the property after you have purchased it?

A standard CAR lease should prevent subletting and an addendum could always be added to clarify even further if you wanted.

If there is no existing mortgage or if you receive cash from a new loan above whet is required to pay off any existing loan, that is a cash-out refinance.As to insurance, any lender needs to be added to the insured policy as a lien holder, just as they are if you had a car loan.