. $100 monthly profit per door doesn't allow much room for things to go wrong, and they do.

One week ago I made the decision to leave my W2 job and pursue a position as an independent contractor, full-time investment mortgage broker.

SP = PP + actual cost to date + exit potential profit from flip + closing costs.

I have been building relationships with friends and colleagues by just letting them know of the ambitions with real estate.I am pursuing that education with some vigor, thanks.

Can't you roll your IRA over to a Self-Directed IRA, take money out of there in the amount of your renovation budget, and then be allowed to deposit 100% of the profit of that property sale into that IRA, to be used for your next investment, tax-free/tax-deferred? 

That being said I was making $900 in profit for the first 3 months until I had to move in.

I am more or less tapped out of liquid cash but have a great relationship with my lender and am good at finding and managing profitable companies. 

Much profit to both of you!  

@Stanley Parsley I was initially looking to make a cash profit off of this deal.

Long story short: I'm highly interested in pursuing the buy and hold route as a real estate investor, however, trying to buy in my own backyard (Orange County, CA) is a bit of a challenge due to the insane housing costs here.