Got to sell it for a small profit.

Spent a lot of money to fix it and ended up making a meager profit.

I have done many remodeling or flips adding great value to properties but the profit has been always for my clients.I finally decided to start doing the same thing I have always done, but as a real-state investor this time where there are some new variables to learn.to start I want to do some flips and I'm trying to define where.Because I live and work in NYC, where is almost impossible to start investing, I was thinking according to what I read and research; Newark, Jersey city, or even upstate NY where I spend some time could be some of the options.I'm looking for wholesalers or investor friendly real-state people to help me find my first deal.please don't hesitate to contact me with deals of for anything you need.Carlos

They seem interesting as well and potentially more profitable..

i will be reporting it on my taxes for 2017.debtCalifornia piti $1,950Georgia piti $2,000 (yes, gross profit per month is $1,200 with only 5% down, seller covered all closing & living rent free)car $530student loans $350As an investor I want the minimum amount out of my pocket.

Try looking at:The Best Types of Markets for Profitable Turnkey PropertiesandWhat to Ask When Working With a Turnkey Provider

Anyone who make more than $400 net profit at the end of the year is taxed on it even though this might be their only income.With this in mind, can Michael N say "I am a business owner" (as a sole proprietor) prior to starting his trip to Kansas and start deducting all his business-related expenses from this moment on?

An LLC gives you limited liability without imposing double taxation on you, the way a corporation would, where the corporation is taxed and then you are taxed again when the corporation distributes profits to you.  

We obviously need to keep it economical, but I would like to do something creative, and I'm bored with our past designs (generally they consist of a larger field tile with horizontal accent stripe).

Any amount you buy less than what you sold or any cash you take out the IRS says you are taking profit first.