RentingFamilyMember is not interetsed in making money, just not paying the food, utilities, etc. of the SiblingRenter.(2) RentingFamilyMember's AGI is too high and Schedule E passive losses are limited.

- You missed utilities in your holding costs- For your first rehab you should plan on a little more than 6 months, just in case- You might want to double check your tax number as taxes in NY can be pretty high- The biggest area where mistakes are made for new investors when it comes to flips and BRRRRs are in the ARV and the rehab cost.

Most of the houses we are finding on the MLS are priced too high for the numbers to work on a fix/flip. 

As for doing work yourself, you are a high paid SW engineer.  

You just have to ensure that the mortgage balance is not higher than your offer; otherwise, the seller would have to come up with money to close, which is highly unlikely.

Also, I would highly suggest that you go in person with your application to the Municipal Building in Center City, it will take over 5 weeks if you mail it through snail mail.

Due to the high costs in San Diego and current interest rates, I would most likely only be able to put up to 10% down.

Hey Robert, high appreciation will bring you the biggest returns. 

The electrical I am in the process of lowering all the outlets to the same level since 2 of them are about 4' high.

I would highly suggest that you also get involved in local real estate meetups.