We never fixed the issues, we didn't.

I am looking to work on fix and flips in the city of Philadelphia.

Currently started renting it for 2300$ per month , need your suggestion things I can do to fix my below situation. 

@Ashly FrassoRenting by the room can be a profitable but complex model.

After the purchase I use the money parter's money to fix up the property and I get rehab draws from the hard money lender to reimburse the money used for rehab.  

.- CA has near fixed property tax. - There are cheap ways for you to enter your local market due to OO financing that is not available OOS. 

Personally, If I could pull out a HELOC, I would use it to fix and flip which will typically make sense as you shouldnt be keeping the money out for that long and you can recycle it or pay it back and build off the capital that you got from. the flip.

Too bad you can't buy something owner-occupied, put 5% down with the best interest rate, live in it for 12 months (and fix it up), rent it out and repeat the cycle.Here's some other info you might find useful:----------------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

OK, so how do you plan to fund these fix/flips?

Welcome to BP, I’m an agent here in the Phoenix/Scottsdale area and I work with a lot of investors on fix-and-flip projects, rental properties, and off-market deals.