They will average each other out but will be very different when you drill down to the details.My advice, is use the big thumb rules for initial quick glance but when you are ready to put in an offer, dive deep to the actual property numbers and do not use the industry averages if you don't really have to.

I’m here to ask the experts which route I should take, if any.Basic details about me: I’m 34, recently married and no kids but planning to within the next 2 years(this detail is just for you to know that I don’t have much restrictions on moving aside from commuting)I currently own a coop in Yonkers, NY with roughly 50k in equityI am willing to invest in the tristate area but if I have to live in the property I have to limit my distance to Bronx, Westchester and Connecticut.I also have enough saved to buy a 275k property with 20% down or the max allowed with an FHA loan (this is without having to sell my coop)I have excellent credit which will qualify me for loan without an issueThe way I see it I have 3 options in order to get started: Sell my current coop, buy a triplex in a worst neighborhood with more TLC needed, and move to into the property for at least 2 years to qualify for an FHA loan.

Pro Membership increased by 35%.In addition to those changes, now the House Flipping Calculator format has changed to an unusable mix of the 70% rule and the one I tried on Monday.  

Without the depreciation recapture rules under, the $10,000 (sale price of 10, 000 - your basis of 0 ) gain you recognized will be taxable as capital gain under at a maximum rate of 20%.Thus, the sale of the machine in Year 2 would increase your federal income taxes by only $2,000 ($10,000 × 20%) (and would not be subject to self-employment taxes).

Yes, the FHA now has a 6 month Flipper rule.

This will hurt the lower income people that the rules was probably intended to protect.  

Florida is a tricky insurance state for the simple fact that admitted companies place so many restrictions that more often than not surplus lines are needed.

The information came directly from a bank (not sure what the role of the banker was).I'm very skeptical, given the prominent use of "primary residence" all over the rules I've seen--though I can imagine some smaller banks that don't sell off their loans might be willing to allow it.Does anyone have any solid experience/evidence on one side or the other?

@Tom Parris  Some good advice, except.....for an FHA buyer you simply can't sign a contract with them until 91 days after your purchase date...no 6 month rule.

@Caleb Childs there are a lot of rules when receiving cash out with a conventional loan in the first 6 months of ownership.