The old saying goes, "You are only as strong as your weakest link."

View report*This link comes directly from our calculators, based on information input by the member who posted.

This deal is located in NW Indiana numbers are roughly estimated, I am planning to buy my first rental property with FHA loan, live there for one year, then move out and rent it out, Screen shot and Link to the file are attached below.

This deal is located in NW Indiana numbers are roughly estimated, I am planning to buy my first rental property with FHA loan, live there for one year, then move out and rent it out, Screen shot and Link to the file are attached below.

They really help with analyzing deals.I was filling in the fields in the rental calculator in my Android Chrome browser in my cell phone and entered an explaining link and when I came back to the calculator I saw everything I wrote was erased...

And with article links, thank you for your insight.  

This deal is located in NW Indiana numbers are roughly estimated, I am planning to buy my first rental property with FHA loan, live there for one year, then move out and rent it out, Screen shot and Link to the file are attached below.

I've included photos of the property sheet and its pics, but here is a google drive link if they didn't come thought on the post.The home is located in a very nice area with a large ~1 acre lot, where the avg. home value = $600K and the avg. lot value = ~ 150K - 250k/acres zoned for 2+ homes.

Short answers are fine and all help is appreciated, feel free to send me links or maybe a BP podcast that addresses this process. 

@Kat Hussey Take a look at this IRS link : https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2020I'm assuming you have other income so use that table to determine your tax bracket after the income from the flip.