you right (all of u)the buyer were owner occupant, but if i would rent it ill get 700$ a month gross. with all the mistakes been done- its better to sell and rent the next house- for i guess 20% net roi.the next flip would be in a better neighborhood to the west- around 117th street. on this area we will rent the housesthanks

have you looked into bank owned my realtor sells a bunch of those if u can spend what it takes to get the places up tp par there should be room to flip

You would either need to find a partner to help u with the deal or save up money as fast as you can so that you can put a cash offer on a future property.

Much success to u for 2018!!

as @Sam Grooms said, commercial U/W can be very valuable.

I would say do some comps for recent sold properties that’s remodeled and see how much your flip would be sold for if u do the same amount of work, then you can tell if you are making a profit or

Check the down spouts as u mentioned.

How do u recommend I build a relationship with a local lender ?

What software or services can u guys recommend which would get me good leads and deals, but at minimal cost?

@Nicole Heasley,Yes - "Hard Knocks U" is THE most expensive education out there and the only "student materials" are the aftermath of the deal.As other posters have noted, it was very likely that the analysis of the deal was incomplete before a financial commitment was made, leading ultimately to the loss.