There is also plenty of other ways to get business, you can do open houses, use social media, door knock, etc.

Balloons coming due with higher interest rates, China market, China production, Manufacturing production moving back to the US, Worker shortages, Workert pay hikes, Ukraine/Russia food and fertilizer misses, Oil prices increasing due to the OPEC Q1 production curtailments in place, Houthi issues, Panama Canal Water issues, Illegal immigration impact (buy one of those office buildings and rent for $10mm per year for Illegal housing, take advantage) social benefits required, Climate change believe it or not- Buy or sell into that thought process,  US politics, Baby boomers leaving workforce and needing more benefits, Baby Boomers moving from Stocks to Bonds,  etc.I agree things will get worse, but that means more investing opportunities. 

You need to look at the last six months of sales comparable to your  ARV house. 

Hi everyone, we have a property under contract but we just got informed that there are alterations done to the house without appropriate permits.

Although no renovations were needed, our efficient project management and market analysis ensured the property was quickly flipped for a profit.

The property appears to have been recently renovated, with a new roof installed in 2020, and the exterior was recently painted according to Google Street View.

I am looking to purchase my first investment property and I want to do a house flip.

I also enjoy designing people's homes mainly friends and family and I love renovation projects! 

This isn't going to go well unless the house you bought is in one of the A-grade suburbs.

Using basic numbers, assuming I sell a property for $10M and after cost basis is accounted for and mortgage is paid off, I have a net taxable gain to me of $3M.I'd like to purchase a rental lake house property for $1M (funds coming from that $3M taxable gain).