In an oversimplified view, revenue of $1,000 and expenses of $1,000 offset to $0 and you made no profit...yet.

He's had two successful flips so far and after this third one he's looking to pay off the HELOC and roll the profits into his future flips.

The goal is to make money, collect profits, NOT collecting properties.  

I own a 3 apartment income property (almost paid off) and I wanted to ask you for some advice regarding acquiring more properties like this. would you suggest selling the income property and use the profits to acquire more properties or keep it and finance any new property with a new loan. what is more appealing to banks?

I'm making great profits off them, but I'm having issues with my m-th bookings and I would like to raise my rates.

As someone who deals and talks to real Private Lenders (small shops run by a guy who lends his own capital and doesn't use big box), they have a hard and fast business model that produces the rate of return they need to remain profitable and curb the risk on their cash.So the best product for a budding fix and flip investor is the bridge loan which includes acquisition money and construction money. 

It makes rapidly growing affordable housing possible by making it profitable.

The cost to do this just comes out of the total profit margin. 

Being that my business is brand new, do I project business profit when they ask for the annual business income? 

Because of the balance sheet is off you can certainly bet that something is wrong with the profit loss statement.