I hope you have resolved this issue by now.

Hello Fellow Flippers in Denver Area - Last ditch hope, but I have to put my question out to the Bigger Pockets universe. 

Hopefully your CPA can guide you on this.

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

We hope to have a few more years of experience with it before we have to decide whether to use it in more houses or not.

Your numbers and your realtor's numbers are obviously more hopeful than realistic based on the evidence.You are either buying in too high or spending too much on reno.

Consider the time, effort, and expense to develop a concept plan to include site drawings, home types, homes per acre, site storm water retention plan, tree save areas, conservation areas, wetland setbacks, time considerations for meetings with county land use planners, negotiating easements for utilities, rezoning meetings with county council, revisions to your plans to meet demands of neighbors, planners and/or county council, and hopefully getting a final approval for your project.

Obviously not lawyer advice or CPA advice but hopefully they can give you a good starting point before figuring out your own situation better.

Hope this helps you. 

Hi Jose, I hope you were able to get started on your real estate journey.