Looking at the numbers CAPEX and repairs add a huge amount to the monthly expenses.For instance, this third deal:Monthly Income: $1,100Monthly Expenses $1,134.14Monthly Cashflow: -$34.14Pro Forma Cap: 5.22%NOI: $5,215Total Cash Needed: $11,050Cash on Cash ROI: -3.71%Purchase Cap Rate: $5.73Sale Price: $91,000Closing Costs: $2,500Renovation Costs: $4,550 (5%)TOTAL PROJECT COSTS: $98,050Down Payment: $4,550 (5%)Loan Amount: $87,314.5Loan Points: $864.5 (1%)Amortized: 30 yearsInterest Rate: 5%P&I: 468.72Total Cash Needed: $11,050Property Taxes: $2,184/yr2% Rule: 1.13%Initial Equity: $12,685.50Gross Rent Multiplier: 6.89Debt Coverage Ratio: 0.93Expense Increase: 4%/yrIncome Increase: 5%/yrProperty Value Increase: 4%/yrCash on Cash ROI: YR1 (-3.71%) YR2 (-0.63%) YR5 (2.64%) YR10 (9.76%) YR15 (31.56%)Annualized Total Return: YR1 (2.48%) YR2 (22.27%) YR5 (26.37%) YR10 (26.47%) YR15 (22.20%)Total Profit if sold: YR1 ($274) YR2 ($5,469) YR5 ($11,251) YR10 ($24,701) YR15 ($70,982)Expenses:HOA: $82Insurance: $66Taxes: $182MTG: $468.72 (@5%)TOTAL: $798.72Vacancy: $110 (10%)CAPEX: $190/mo (~2.5%)Repairs & Maint: $380/mo (5%)TOTAL EXPENSES: $1,478.72These expenses are different than the $1,134.14 mentioned early on.

Much easier with no HOA fees, HOA rules and possibilities to build out/up. 

Many associations have rules about when/how a condo can be rented.

Thank you, KarlaCA has rules about CA residents using LLCs in other states to avoid "taxes" in CA.  

Fannie Mae has a 10 financed property rule that says once you have 10 financed properties, you are no longer eligible to get anymore properties financed via Fannie Mae.Most people want to hold properties in an LLC for reasons of separation and privacy and risk mitigation.

As soon as we closed on the property, we sent introduction letters and posted notices regarding storage rules, which again were that all items needed to be stored within their assigned storage locker or apartment otherwise items would be considered abandoned and removed from property.All residences complied but one who's lease was set to expire Oct 31.

However remember many states have more restrictive laws than the federal law, so many states do not recognize the Mrs Murphy exemption.

I expect I'll accrue a bunch of tax losses which I can start taking (using the $25k rule) once I start renting the property for a full calendar year.Now for my actual tax questions:Will I regret doing the repairs before actually getting a renter, i.e. should I post it on Craigslist before I start paying for these repairs so it doesn't get classed as start-up expenses? 

1% Rule seem hard to achieve (at least harder to find) in "hot" growth RE markets (i.e.

General question, is there any recommendations or a rule of thumb for how long a house flip should take from the time you purchase the property?