Purchase price: $101,000 Cash invested: $25,268 Sale price: $202,000 This was my first ever solo project.

Hello all,My team and I are looking to purchase property in Cape Coral/fort Meyers area.

I recently purchased a property with the intention of doing a fix/flip.

Flipping a brand new home likely wouldn’t bring much profit - especially after having to close twice when you first buy it, and later sell it.Maybe you have millions to spend and I’m just missing the big picture… but when I think of “income” I’m usually thinking “net income” after you factor in expenses, like purchase price or building costs?  

If so, then you would want to purchase a homeowner's policy.  

If you want to combine two or more lesser sales into one higher purchase that is fine as long as your purchase meets the timing requirements for each sale.  

It may make sense for the right purchaser to repair.

We also need to add in escrowed taxes and insurance to the new terms, as previously the buyers were responsible for paying them, but we’ve recently had to take that over.Context:Subject property is a mobile home on land in the state of FL that is owner occupied by the family who purchased it from our LLC.

Cleveland and Dayton can be great markets for high cash flow and low purchase prices, but you need to be careful when navigating the neighborhoods so you're not buying in a D/F class area where no property managers will manage and where you'll never see any positive cash flow.

Does that mean the applicant had a clean criminal record or that the 3rd party wasn't able to screen the applicant?