We've been considering a similar play here in Georgia, so I'd love to compare notes!

They may want an S-Corp for tax purposes.

Take into account RE taxes, Mortgage interest, charitable donations, large medical expenses, ect...compare it against 2017's total.If you took a look against the rental but used the proceeds for personal use- IE to pay off your personal residence the interest would not be deductible as a business expense. 

To me that sort of defeats the entire purpose of a live in flip, but I will have to look into that.

Real estate can make it go faster if you do it right but it should still take 10-15 years as compared to the normal 30-40

@Jared Carpenter every deal is different so in order to compare apples to apples I look at the total return in the time period.I don't really like non stablized cashflowing assets like developments or flips especially in this sellers market.

It's really just looking at the comparable homes in the area that are updated in a style similar to your proposed renovations.

I always recommend my clients get fee sheets from a few different lenders to compare.

You can flip anywhere that you can market to motivated sellers, and purchase properties at a discount compared to ARV.

Jose,While there are many different benchmarks to compare an investment to in order to gauge success (excluding subjective meanings of success), an easy comparison is one made against the stock market (i.e.