Based on comps and speaking with realtors we figure I can sell my home and after paying off my mortgage and selling expenses I could net approx 750-900k, depending upon the sale price of course.

Hey quick question, looking to get into fix and flip, but want to sell to Offerpad or Opendoor and similar sites instead of working with agents, is that realistic?

The bank/lender who is selling wants the proof of funds as a bank statement with the exact name of the person on the contract.

ctype=...Meanwhile my 100k house I bought in cash 17 years ago sold for 325k but net only 237k after selling expenses, renovation and taxes.

But the best part is if you buy a house for $100,000 and in 5 years it’s worth $300,000 and you sell it, your $200,000 profit is all tax free because it’s in your tax free account.

Plus they’re going to sell the loan before you ever make your first payment, or at least DR Horton did. 

This may affect value or time required to sell.7) Adding an ADU does not make the property a duplex.

So hard to tell if this will take off fast and or fill up, which is why I was going into this thinking that if worse case scenario it wont take off we could sell the property and break even at the initial cost I assumed it to be, but now with the construction costs being higher Im not sure that Im willing to take that chance 

I guess I didn't really think about it but technically I'd be doing BRRRR since I really only want something I can rehab and have the option to just sell it if market drops or can't find a renter in my timeframe id hope to rent it in.

Most states do not factor in losses from other states when calculating their taxable income.However, yon't think you lost out on the state where you have a loss. that state will normally treat that as a loss that you can use in the future when you sell the property or have rental income.