Some people don't include the repairs in the first year Cash on Cash return however, not sure what the BP one does.You can look at your 'stabilized' cash on cash as well using ProForma numbers and estimating the rent and expense growth over the next X number of years.  

Hard money, creative financing, or traditional financing should be viewed as different tools that you can use; try not to worry too much about finding one, singular way to finance every deal.For example, if you are buying an off-market deal from a family member, you may want to see if you can use traditional financing or creative financing since there's no competition and you'll get the most attractive/flexible terms.On the other hand, if you see a newly listed deal on the MLS, you may want to look at hard money since it can fund quickly like cash.Hard money loans are more expensive so you'll want to plan your exit before you get in whether that be refinancing into a long term note or selling the property.Hope this helps!

We buy, fix, flip and manage and leave no stone unturned when looking for deals.We negotiate hard, buy with cash and close quickly.Gotta buy cheap in order to make margin but still deliver a turnkey property to investor at fair market value.I've always believed in "making money when you buy and not when you sell".So it's important to buy cheap.A strategy that I always tell all of our buyers when investing is to always "underestimate income and overestimate expenses".If you think it won't happen to you, it will and you can't go wrong including a margin of safety when predicting expenses.I hope that helps 👍

Full details on the project are available including project description & costs, 3-year income/expense spreadsheet & photos. 

If these steps are completed consistently, you will be fine without the headaches or expenses that most think are necessary.

Then you would have that leasing expense all over again.We actually sometimes like to pay the leasing brokers more so they push our site harder than others.If you have an A location and A parcel shape then typically lots of tenants fight for the site to lease it or buy it and leasing broker has to do less work for fee involved and rent per foot higher most times.

What are some of your average scenarios looking like ? 

I am looking for any recommendations on tools flippers might use to track work, expenses, their sanity, etc.

For those who manage 3+ flips at a time, I'm curious what bookkeeping software you use and how you keep all the expenses properly matched to each property. 

The issue is, based on her credit report and other known info, I added all the expenses: (car payment $722, debt obligation/month $1900, rent, renters insurance, utilities, estimated grocery, living necessities, her total **essential** expenses would be at least $800 greater than her net income.