203k can be a tough sell in this market because you need a contractor signed on for it and there is a ton of paperwork on their end and they can get easier work elsewhere.

Hey @Ian Rivera, that's a tough question. 

However, traveling out to other boroughs isn't that tough.

I purchase a software disc for $39 and paid $120 per year for the California Tax Tables so I could write paychecks for my employees.

Most 401k plans with current employers are set up to prevent assets from being transferred out until the employee leaves that job.

Kevin, It's tough because your rate is really good on the first, however you do need to refinance that VA loan into a conventional loan to free up your VA entitlement. 

My employees had to drive an hour outside of our usual market but it increased deals and kept volume up.

Almost exactly 5 years ago, one of my employees who has been in this country only a few years purchased a house in Apple Valley for $108,000 with only $20,000 down.

@Lauren Gomez yes regularly, 1031 requirements are tough to meet. 

this is a tough spot to flip...I've seen a lot of investors get burned in this neighborhood on incorrect ARV's or over budget reno's...its interesting to see, though...and maybe some lessons learned on this one.