We also track all of our self-paid insurance and property tax expenses for paid off properties and also transfer 1/12 of that money every month as well for the year.  

Do you owe them interest on that money?

If expenses are more then you lost money.

Hi @Rita SamaddarI recommend areas based on three things:Budget: Knowing your cash to close helps me suggest the best areas, especially if you're using a hard money loan.Rehab Level: Whether you prefer low or major rehab impacts the neighborhoods I'll recommend.Market Dynamics: Areas with minimal days on market are ideal, as they predict how quickly your property will sell post-rehab.In conclusion, start with how much you have to work with and the level of rehab you're comfortable with to find the best areas for fix and flip.

If you are able to succeed at this, you could make a lot of money in 10-12 after holding these properties.The formula is simple.

Purchase price: $146,000 Cash invested: $42,100 Bought through hard money.

I have money market accounts that pay 5%.

We agreed on a purchase price of 105,000, got all agreements signed, but no mention of rent increase, or warehouse money in the agreements (shame on me, shame on them).The leases came due between me viewing the property 6/1 and accepted purchase agreement 6/26, I saw the updated leases when the lender was wanting them, and noticed the brothers lease stayed at 700 while the other was bumped to $800.

Have you considered using the BRRRR method, and kicking off things with a hard money loan?

This article talks about the area being saturated with STR'S and city council looking to double the lodging tax.https://pagevalleynews.com/lodging-owners-speak-out-against-proposed-doubling-of-lodging-tax/