In my opinion South Florida is a solid market for fix and flipping...There's a lot of competition out there for deals, so the tough part is finding good deals where the numbers work, but that's not an insurmountable obstacle.

Most banks will give out near 4 conventional loans before the requirements start getting tough. 

Best way to not tap out capital is to buy right, which is very tough when you are first starting. 

Andy,This is a tough one.

I would like to start studying the materials now so that I can take the exam as soon as I return to Louisiana.I have seen some approved per-licensing on the LREC website, but I am curious if anyone has taken this route and if so, what the best choice would be for me.ThanksBrian

I think it is a little tough to look at your home with pure numbers blinders on.

It'll be tough to wholesale with the liens still attached. 

That's a tough one.  

So if I replace a bathtub and I can support the fact that the bathtub only makes up 10% of the plumbing system as a whole, I can fully deduct the cost in the current year, rather than capitalizing and depreciating as you normally would because the 10% is not a material improvement to the plumbing system as a whole. 

.$25k in materials and laborMonthly holding costs: $557(int payments, taxes, utilities, insurance)House info as purchased:House built in 1971 - Solid B neighborhood - Great Schools2081 sq ft4 Bed, 2.5 BathNew RoofNew WindowsNew HVACVinyl SidingWork to be performed:New cabinets and counter topsLaminate downstairs and carpet upstairsNew vanitiesNew light and plumbing fixtures(tubs staying)New water heater Paneling removed from den and replaced with sheetrockWindow removed from eat in kitchen and replaced with slider to access the back yardSmall deck built off of sliderAnd obviously paint throughout.We will probably price it under market value and hope to sell it quickly(30-60 days) at $125k which would give us a profit(after commissions, closing costs, and carrying costs) of $22k-$23k.