That and renting under market suggests you should sell, park the money somewhere safe to generate some positive returns and wait till you are ready to invest again.You presently have negative cash flow and over $2000/month in lost potential income based on nearly 279K in dead equity.

Hello allI want to get into house flipping.I am a plumber by trade and city water distribution operator by profession.

This allows us to be competitive with pricing and have outsourced 90% of the operation for less then 10% which makes it cash flow at a much higher rate with less overheads and wear on the house.

I would love to learn more about operating expenses, cap rates, what’s a good deal vs a bad deal, etc... pretty much how to crunch the numbers in order to find a good deal vs a bad deal.

Out of it, we need to deduct the vacancy cost or operating cost which is usually accepted at 25%.

In June 2014, we bought an old church in PA, which we still own and use to run and operate our studio out of.

If I want to generate $100,000 of passive income, at $200 each thats 500 units, which could mean a total mortgage of $25 Million.

I operate on the East coast (CT) so while I might not be in your desired market, I am happy to help if I can!

Taking too long to market can be costly.If you intend to succeed it must be operated as a business.

The S Corp I set up earlier, and used it to conduct an IT business, and my wife used it to run a business under a DBA.I had a C Corp set up to operate a property management company for my rentals.