If you do indeed mean flipping rehabbing, while in theory your concepts for financing the deals is great, I don't know how successful you will be in practice. 

Piggybacking on the last two comments...I think that during the last downturn, so many investors got burned because they were over-leveraged that there is now major push-back against the concept of targeting appreciation.

Sorry...this is a new concept to me.

Or is there a simpler way?

(There is "depreciation" on houses, but it is strictly a tax concept. 

I love the concept of a 203k, but hear they are not "strong offers" - best of luck to you!

These posts that suggest just keeping the deposit are unbelievable - folks might read up on the rules of the game you are playing (ie tenant /landlord laws)  one of the most basic concepts is "mitigating damages" which was already explained above.

It just makes it simpler if you’re both not on it if you’re able to qualify for it

Nashville and Austin have high job growth and look to be recovering well, Phoenix less so.Last thing I'll mention is a concept of "shadow supply" or potential hidden supply to come on the market due to fallout of foreclosures from 2020 and moratoriums, as described by Ken McKelroy.

I see that it could be simpler to track business-related expenses, but that could be handled with a separate account.