I found the sweet spots for listing is getting a hair under that number.

You sure have a way with words you sweet thing you.

@Stephanie Ro,Often, properties languish in the listings because the price does not match the condition of the property.I have a good example near me ... an investor picked up what should have been a sweet deal, but messed up on renovations.

The property sold to a 3rd party at auction so it ended up being a sweet & easy deal for the first one.

Most investors think "its a game for the rich".... its interesting to know that it is actually in commercial real estate that seller finance, master lease options and other creative little to no money financing are easier to get --- if you work within the sweet spot of the commercial real estate.

The reward will be twice as sweet when you reach your goals, and than quit your job.

Personally, I find the sweet spot for contractors to be right in that area -- they've got things together enough that they don't need $100 to buy materials to get started on a job, but not so together that they have a front office and a fleet of trucks.  

I'm not going to take on that risk.If he had said something like "I bought the property, wasn't really sure what I was going to do with it, then someone gave me a really sweet offer and I took it" then he could get by reporting the flip on Schedule D because the original intent was not blatantly to flip the property.

Answered all my questions, was really helpful and sweet.

Sweet.