And lastly I have to add that we sold our previous home and made $60,000 profit and have $100,000 (or so) equity on our current home so we could say we do have a little bit of experience. 

Thats what i was curious on, i do plan on quitting w2 and flipping and developing new projects full time, but will profit from my rentals still be passive?

In my opinion, the transactional cost of buying and selling properties in Mexico (basically trading houses) might make it very challenging to make good profits if you are buying and selling as a foreigner.

I  TRIED TO DO 990 TAX RETURNS FOR FY 16 AND FY 17 PLUS, WE HAVE A RELATED LLC BUSINESS ENTITY.   I HAVE BEEN TRYING TO DO ALL THE TAX FORMS MYSELF, AFTER LOSING A BOARD MEMBER THAT WAS TAKING CARE OF THIS.CAN ANY ...

I want to keep working until 50 minimum so that I get my employer's retirement healthcare stipend, but would like to "retire" to pursue REI full time as early as possible after that. 

$250K ARV - $140 Purchase - $25K Rehab = $85k - $15k Commissions = $70KCarrying costs, utilities, taxes etc will lessen your profit, but it fits the (70% of ARV - Repairs) formula in terms of purchase price.Can you get it for less that $140k?

We're in the middle of our first flip and it's looking like we won't make much of a profit unless it sells for more than I expect, but that's okay!

Right now it's a loss property and just "fixing" the rate would be profit. 

After all, you'll not have that much tax to pay on the 40K profit.2.

I like the way I can look at a property and do some math and can almost give an estimate of how much profit this property can make.