So this is a investment/ flip I am very serious considering doing (already started escrow). the mls is 190048729 https://www.redfin.com/CA/San-Diego/6805-Fisk-Ave-92122/home/4895069With a purchase price of 845k with 3500 closing costs total remodel (done well) 96k20k kitchen15k (2) bath10k flooring12.5k paint/baseboard7500 on windows and door (inc. pre hung interior)13k roof15k plumbing (needs epoxy reling to the main)3k landscapetotalling 950k ish total cash outlayanticipated sale is 1.1 milgross 150k-minus seller fees 55kand contingency 5k making nice profit range 90k with a worst case sale price of 1,050,000 still in 40k ish I guess my issue is being the 3rd deal I am on so far (usually the 500k range) the larger # make me post up for another viewpoint for my SD real estate pros to say this good or not. would love to hear from 2nd opinion look before we close.

Does anyone have a logical answer becuase I feel like I'm getting either a deal cause taxes are low or in getting screwed cause market shot up and is way out of range.

I have enough for a sizeable down payment ($20,000); since single-family are out of my price range I was thinking about a Mobile Home.  

Now they’re going for 145/55k as a median price range.

We'll see if that goes anywhere.My back up plan is the same as my primary plan: keep buying property in markets that have a diverse economic base, in an underserved market (i.e. upper end of low income/bottom end of middle income rentals, small commercial properties), for around 70%-80% of what I could sell it for today, and using the 2% rule of rent to purchase price ratio to ensure there is plenty of cash flow where I can handle vacancies, maintenance, capital expenditures, and still cash flow positive.Cars crash far more often than markets, but you still drive, right?

Fill any slower days with substitute teaching to augment income until the pace and scale of flipping picks up-->Please help me to nail down realistic projections (or a realistic range) for:  Net income per flip my first and second years given the above plan  How long each flip will take the first and second years given the above plan  Personal time investment required first year and second year in order to keep flips lined up, one at a time, and holding contractors accountable.

Trying to look for properties in that price range (per unit), that are in B or C quality neighborhoods. 

Not sure where you are in Champions but there are definitely pockets in there where homes are in that range .

I appreciate you taking the time to assist and to provide this list of information to include.Purchase price: 249,900Down payment: 7,500Additional closing costs: 4,887Additional cash for improvements: ~1,000Current market value: 298,000 (this is Zillow estimate, haven't discussed with my realtor yet)Current loan balance: 235,227Current loan interest rate: 5.0%Monthly mortgage payment: 1,574Monthly average total costs (with utilities included as it is a furnished short-term rental): ~1900Monthly average rental income: 2241 (averaged over past six months, has ranged from 1423 to 2646)Monthly long-term rental potential (assuming no utilities or furniture): 1500-1600 (pretty much just the mortgage)

I currently rent a 2bd/bath apt in Bellevue and pay $2100 in rent which I believe can be better spent in paying my own houses mortgage pm but any decent houses run from 1-1.5 mil and most from 1.5-2 mil range.