I don't anticipate the rehab being $50K so whatever I don't spend is profit. 

I’m sure my requirements are high but we both have businesses to run, your profits shouldn’t be put ahead of mine and vice versa. 

They are sometimes used heavily and generate monthly profit while others are barely used and don't even cover the utility expenses, let alone the cost of the machines.

Years ago my wife and I met, and I discovered she wanted to own buy and hold homes the same way I did to generate cash flow.

I’ve considered building a spec house on the lot and estimate I could generate another 100-150k with that project.

@Ada Tor What if you could generate better returns than traditional multifamily properties AND use the property whenever you want.

He owns a used car sales business, so what does he profit each year?

Congratulations and I wish you all the best.Five Good Rental Houses will Feed Your Family for Generations. 

Most lenders will not use any type of rental income generated from investment STR's that are shown on schedule C (although their are some exceptions) unless their is a minimum 2 year history shown.

I am reconsidering if I should hold the flip under the C-Corp or perhaps create a NEW LLC or S-CORP, take out a SBA Loan, fund the house, and pay back the loan immediately and have access to the profits for a future flip or to re-invest.