Adding the current mortgage and utilities would be roughly $1,350 resulting in a profit of $650/mo.

Like I see how it could work in a perfect world but i cant wrap my head around the idea that I could be making a profit if I still don't actually own the house and still have to pay down all of the loans.

All of the multifamily I have looked at in my area are not profitable due to prices being much higher than rent currently.

I am sure it will all work out for you in the long run.. we sold ours and made a tiny profit on each but its better than a loss right ?

I never liked Airbnb's or VRBO's pricing structure because it seemed more like they set a price that will get you booked so they can get paid, and not necessarily for the profitability of your listing.

What do you do with the profits from the company to avoid income taxes.

Look for ways to increase profits but without cutting corners.

Determine the most likely sales price of the build (factor in the cost of the land also) and include all selling costs to arrive at your net profit and ROI. 

I think flips only make sense when even if budget goes up 20% your numbers still show a strong profit. 

Getting a base 8-15% return instead of 2-3% before actual “profit” puts you way ahead of the cash buyer.