OPI would assess your fire potential first.  

When flipping, the most important thing is understanding the available loan programs for potential buyers.

Sounds like you guys have the potential to be an amazing property management team!

.: Quote from @Robert Ellis: Quote from @Brandon Blackmon: Hello BP Community,I want to start flipping homes in my market, and potentially out of state, and I want to know how to budget for a General Contractor.

I think it depends on the deal that comes your way.If you can find a cheap plot of land that's buildable and the profits exceed a potential flip's (you could also acquire), go for the build.Vice versa.

If you need any help running the numbers, feel free to reach out to me. 

I'd sell because you are reaching the time when you lose the cap gains exemption and that $24K would take over 2 years of renting to get back.I had a condo that I owned for a long time and I sold it despite it being paid off and having long term tenants. 

Feel free to reach out!

for me it was income potential of earning commissions instead of salary.so at 18 I got my RE license.. and while it was a bit of a chore getting going as it is for most agents..

I see a lot of potential and I'm looking to purchase my first multifamily duplex in the uptown area.