As I am getting organized to meet with my CPA at end of the month, I have realized I could have done this more efficiently.

Steve - This depends on how the entity that the profits are being retained in was organized.

@Nicole Stone.

Congratulation on your organization and goal setting skills.

We've been looking in the Stone Mountain area, and see on Zillow that quite a few homes were flipped in the area.

And yes, it is an aggressive goal but it's not written in stone.

@Anthony Dooley comment +1Also... if you plan on starting a business with anyone (especial friends or family) make sure you create an LLC and have extremely thorough articles of organization that outlines what you will all do when poop hits the fan (getting sued, one person is working more than the others, one person has put in more money than the others, someone wants out, you go into bankruptcy, etc).

If your rehab cost are set in stone then you would need about 75% leverage.

If it's a larger organization, feel free to inquire about their different staff qualifications.2.

@Reggie Bullock you could partner with local organizations who need the housing for first time buyers, on top of that if you have a lender who won't redline the area and streamline the process it makes selling homes in the urban areas more appealing to middle income owners.