To answer the other part of your question: the bank will want to know the purchase price and the scope of the rehab as separate items.

---------------Is practicing real estate brokering with out a license, violates some closing regulations, and could violate IRS rules (Though I would think if you only don't report the income, which the only reason not to is fear of those previous items), they don't make it easy to conduct business sometimes.BTW Mr.

Perhaps soon you'll be doing your own projects and capturing all of the profit.Heck, some people pay $25-40k to gurus to learn the business.

They have a nice "virtual office" with all the forms and items you need, and a conference room if you need to meet with clients or close transactions there.http://ownerlandrealty.com/The company below is similar, but they charge a flat $300/mth total for transaction fees, whether you do zero or 10 deals/mth.http://transaction-realty.com/

Sites like redfin, zillow and any county/city tax websites are extremely good resources to evaluate sold items comps.

If you would stay 2 weeks per year the cost of the stay is $6,800 per week.Two items.

That would probably cash flow about 600 per month for 3 or 400 for 2, plus the equity capture of at least 10-15K sometimes more per house.

The title company and lender have both requested itemized lists of everything we've done to the property because we're netting so much after such a short amount of time.

I personally use 20% for the type of houses you describe above.In addition, while maintenance costs usually cover routine items, you should probably consider accounting for capital expenditures as well i.e.

You can also set up key word alerts to keep up on items of interest.