Moving forward I plan on doing 2-3 flips per year which will be will be Cash deals with no loan.

Educate yourself on the local market, network with other investors and agents, and always have a solid plan in place before making any investments.

I am not house hacking...I am planning to rent all the rooms out.

Hello,My partner is planning on selling her condo, however, I am in the midst of purchasing my first property and we plan on living together.

I am sure some of that is analysis paralysis but when it's your first, if I lose money on it, will set me back quite a bit on my planned timeline.

Our plan would be to have the seller evict them, take out a short term loan to remodel the first side quickly and live in the 2nd side for a year all the while slowly remodeling the 2nd side as well. 

The plan is working, but it has only been 3 years.

The seller needs moving money, there are oftentimes an arrears that has to be paid on the loan, there are oftentimes HOA fees that are due, there are title costs, there are escrow costs, usually there is deferred maintenance, you have to make mortgage payments out of pocket until you get a renter in there, you have to pay utilities and taxes, and you need reserves in case it all doesn't go as planned.3.

And should your plan include a later sale, you will have to pay back all that depreciation at a possibly hight tax rate.

How did you determine the ARV for the property…in other words…what you plan to sell it for?