Most investors who take this route are not short-term investors and do not enter the investment with a timeline for sale. 

Call 3-4 of them with 4.5-star rating or better, ask what their experience is and how they can help your situation, then choose one and move forward.You are in the most heavily regulated state in the country, and one of the most regulated/litigious places in the world.

If your wife isn't on board with another live-in flip, a BRRRR strategy on a rental could still help you grow without uprooting your family.Good luck!

To sum it all up... don't be too picky, but do due diligence and if your target areas are not working out expand.

Your new ARV(after repair value) should be supported by an adequate amount of comparable sales in the area(duplex's).

Owner sat on the offer for a week or so and then I got a call that they accepted. 

Purchase price: $260,000 Cash invested: $135,000 Sale price: $535,000 Gut remodel of existing single family to create an updated single family home.

I have a client that did a conventional construction refi and it took him 7-8 months due to the city permits and all.

Would I pay capital gains on it since I haven't lived in home last 2 of 5 years?

Purchase price: $50,000 Sale price: $185,000 Single family residence we got from a distressed seller.