Any net losses will be suspended and carried forward to subsequent tax years until used up. 

Sub2 carries a LOT of risk, it does and you know that, everyone informed knows this. 

That's a very large book of physical cards to carry around.Whatever you go with, ensure it works for you and your team.

I would want some major security deposit on file - maybe 6 months rent (personally), and / or possibly have them carry an insurance policy with you as the named insured for a descent value for any damages, etc - with the policy specifically written for the type of business they are actually running.

I believe the 30 Day Notice is a carry over from the CARES Act.

I have a reasonable number here that gets carried to Schedule D line 19.

I cleared $10k on my first one.We ended up clearing $30k on the second one.The last flip was very stressful for my wife and she wants to keep our finances (HELOC) out of the next one.I am going to look to find a financing partner to cover the carrying costs of the next flip.On a $400k house (average for my area), the total investment would be $85-$95k and would be paid directly to the lender and subs/suppliers, not to me.I can bring the lender, as I have a good rep with the one I use.I will do all the rest.

There are some very lucrative properties though that will need to carry flood insurance.

I am not sorry that I did it however, the interest rate was like 28% and I don't want to be carrying that around for long.

Or do you ALWAYS get the seller to carry?