The dryer and AC are going to be the major loads here I assume.

I had fantasies of matching front load models when it died.

I'm a professional engineer (with a wagon load of degrees and certifications) and hold a daytime job as a construction manager.

I am trying to "load up" for the spring.

Nathan - when I say "Gut" I don't mean "Tear out drywall and work on the mechanicals, then put the drywall back in"...I mean major framing work, dealing with structural walls having to be torn out/rebuilt/moved, moving around the foundation load points... major structural alterations.

You'll have to start loading up on income properties so you can really make it "full-time". ;-)Feel free to post any questions you have.

The bank knows this, has acknowledged this, and has told me that more weight is placed on recent history (and property metrics) than past credit history.

Here we go:Purchase price: $51,500Survey and other closing costs: $1,400Rehab budget: $59,000 (complete gut, 4th bedroom addon, deck, demo load bearing wall, minor foundation issues, etc)Holding costs (assuming 6 month hold): $3,500 (3.25% HELOC, taxes, insurance, utilities, lawn care)Conservative sales price: $150,000 (could easily run into the 160-170 range if I'm lucky)Agent Commissions: $7,500 (5%)Buyer Concessions: $3,500 (estimate)Staging: $2,000 (conservative)Total Net Profit before taxes: roughly $21,600I've been working very closely with a contractor and realtor husband/wife team over the past 3 or 4 months finding a deal and he seems very confident in his budget as he's flipped several houses in the past.

,First, welcome to the Best Real Estate Forum on the Net.J Scott, a very frequent contributor to this site, has his own site:http://www.123flip.com/It is loaded with information, it should be of great help to you.As far as moving walls, adding features, etc., I can't be of any help to you with that.Raymond

Sounds like fun, run pro forma statements, anticipate what ifs, factor in GDP or any currency exchange rate, weighted and adjusted for anticipated conditions for anything you like, great fun playing, but in the end you got nothing you can take to the bank, or to your tax guy or to court, but have fun.