However, we began to average 1 or 2 flips a year with those brothers for the last few years. 

In a market with less than a month of inventory that is very difficult, sellers lack the motivation to negotiate, even for a house in dated condition.I have been doing BRRRR's in Milwaukee for about a decade and the last 3 came out with negative equity (at the time) after a 60-70k rehab.

The property last sold for $3.525 million ($220,000).

Years of headaches and thousands of dollars in expenses from having someone untangle what the last guys did later, I can now confidently say to seek out those who have real estate knowledge.

@Amy LinLet me be blunt10 GP’s is ludicrous Also class c is the last thing I would invest in right now as interest / credit cards are at all time highs and typically class c renters have highest debt ratioAlso some other questions How much money do you have?

and maybe for the minutes of the last 2 or 3 meetings. 

My brother-in-law has been in an investor and commercial  broker in Sacramento for 30 years and these last few years have been brutal. 

I am under the impression that the losses that are unlocked are from that property AND all property that year.

I just went through this last year. 

Does anyone have suggestions for lenders who don't require like 5 builds in the last 12 months in order to finance?