I’m also using a 6% vacancy rate, which brings the net monthly cash flow to about $200 and a CoC return of 13.06%.Summary:I’ve created around $50k in equity (difference between ARV of $200k and total investment of $155k).I’ve got about $10k or $18,385 left in the deal (factoring in closing costs).The cash flow is healthy, and the CoC return is strong, especially as a first-time investor.Questions:Does anything look off or could I improve the numbers?

Was something mitigating the noise at that time that you could use now?

I have a property on a Lake in ND that will post for the first time in the next 2 weeks. 

If you do not qualify, you would then look into if you would qualify with renting your departing residence. 75% of the lease will be used to offset that departing residence mortgage. as you mentioned the timing of renting the place can absolutely be tricky so you would hope you do not have to do this.Finally, and I guess would be sorta of a trick, but we do bridge loans on occasion in this case IF you can qualify once you get the property rented at market value even if debt to income ratio is too high before it is rented.

I don't have a lot of time or bandwidth to invest in a fixer-upper and I would like something with limited work.  

This time around I'm coming at it with a mindset to learn everything I can.

Even if all the numbers pencil out, if no one wants to live there, I'm going to have a hard time making the numbers work, whether I'm selling a flip or renting out a property. 

During difficult economic times, fewer people tend to take vacations.

--- We've had this discussion with Zillow several times and asked them to create a separate category for 2-4 unit properties.

I go there from time-to-time.