Sold at a profit in a bidding war.Lessons learned?

It's complicated and not recommended for newer/smaller landlords, but it's a profit center for me.

In short, don't cut corners and it will profit you later.

Having said that, we also have many clients we use our systems and processes for crypto funds, buying existing businesses, funding startups, hedge funds, venture capital, and even non-profits.  

Ensure your flip profits exceed the LOC costs, maintain a financial buffer, and compare it to private or hard money loans.

We do some pretty conservative numbers (probably because we are new) so if the numbers work, we will pursue it.

In general, any time you have profit or depreciation recapture that would cause a tax. 

I am in Florida and that is exactly what I do..I help OOS investors find high profit investment properties. 

More like  2X to 5X the cash out.. these are done with builder developers on their deals So put out 300k get 300k back in profit plus the interest rate. most small builders/ developers need to have a equity partner so you just do both you lend the money and are the equity partner.. pretty clean..

He said he charged $400 for his, is profiting well on it since he got his property for a third of market price some years before, and both he and his tenant are happy with it.