We are in the Northern Virginia and Maryland markets in case that is helpfulI am concerned that if we see a big dip in prices, I will regret it because the 10% profit we typically get ($50K on a $500K flip) will basically mean we are doing flips for free.I would love for some very seasoned investors to give their opinion on whether I should stay in my job, or focus on our flipping business that is doing wellThanks,Josh Don't quit your job.Quit your job in 2025 only, that's what the Fed says.

The Fed is supposed to raise rates between .75% & 1.00% this week along with another raise in October. 

I asked him about water usage in the Las Vegas valley and learned that about 80% of the total water consumed is for irrigation in private homes, mostly watering grass.

That growth would not have been possible if I continued on that path and just fed my retirement account.

Keep in mind the fed wants things to slow as we know..

What you need to watch are the Fed's interest rate increases and U-6 Unemployment Rate.

I personally think they are bluffing and the FED is in buying mortgage business for the duration. 

By the time the Fed raises the rates high enough to do enough to slow down inflation, we will already be in a lot of hot water, and those institutional investors, more nimble than the Fed, will be running to real estate to safeguard their money as the Fed plays catch-up. 

So now, the Fed has $2.7 trillion in Mortgage Backed Securities, (MBS) which is way, way, too much and need I mention that the Fed was never designed to fullfil that role.

I know that households in the valley are extremely water efficient in that usage for households has hardly gone up over the last twenty years despite the growth due to more efficient appliances (dishwashers and washing machines) and wastewater technology including recycling car wash water at car washes and using grey water for irrigation and a leaning in recent years toward desert landscaping instead of turf (grass is a huge water guzzler).