I have access to inexpensive money, however I would want some immediate income to pay off the costs of the money, and I know there's no way to guarantee this.3) I live in Hawaii, and worry that my distance will end up costing me all my profits.  

They are planning to sell it after 3 years when most of the profit will come from the extra 2M of the selling price.

@Juan Rosado, I am not from that area, but numbers are numbers and you can manipulate them a ton of different ways to justify a deal, but I always like to say "If you need a calculator to see if it is a profitable deal, it is too lean" . 

- very easily pulled up in public records (she should be able to pull it up for you while you are together  (1 minute)(**********************************The odd thing about it for me is that she is willing to give up $12000 of profit, when she could just put the expenses on a credit card until the home sells, or take a cash advance which would stll be cheaper ********************  something may be off here. 

Account Closed, was just trying to point out that if you are want to make your first flip also your primary residence then going multi-family can ease your monthly nut and be more profitable in the long-term, even if selling is your end game.

Also, I realize there is a lot of cost associated with sell and buy of another property that would cut into profits, but is the any other benefits. 

I simply work to add value to a property by improving it, and then I realize those profits.

Share in the profits.

It was originally our family home but we had to rent it out for 10 years until we had enough equity to make it worth selling.Now it looks like we will have $75,000 profit.

For example 99% of investors cannot make a profit in Portland Or, the property tax is so high it takes away all the potential profit.