You would need to factor in the cost of the conversion as that would likely create a loss, then we would need to know your depreciation schedule.

Studying successful investors through books, seminars, or online content can provide valuable insights.When evaluating potential borrowers, conduct thorough due diligence.

How are potential tenants able to view the property?

They can give you insights and help you avoid potential pitfalls.

This approach can help you build a portfolio faster and potentially see bigger returns, but it comes with more risk and more work, and it depends on being able to refinance successfully.

You also have to close twice on flips… once to buy it, and then to sell it… so closing costs should not be ignored.  

When you know the buying process, the neighborhood, and how to find the property on your own, and are ready to buy another property: How can you avoid the 2-3% buyer commission portion going to an agent on an MLS listed property, without having to get your license and pay the costs of having a license?

However, I have been trying to figure out possible creative financing options to build more without having to sell, but I cannot seem to find a lender willing to do 100% down on land and construction even though the LTV would be below 50% since I can basically build for costs of material plus minimal labor by doing almost all of it myself , with a little help here and there.

If it's high appreciation potential and decent cash flow that you're after, the far East end of SR-82 is where you want to look.Let me know if you're interested in talking more, I would be happy to further discuss the area, pros/cons, and current market availability!

When I calculate out the monthly mortgage for a house at this cost assuming a 300,000 downpayment, it would come to around 7450/month so I think 7000/ month is reasonable.