The holding period of 60 days is also likely too quick--it's counted from the time of purchase to the closing date when you sell it, so I would plan on at least 90 days since you need to completely finish the renovations, take photos, list and market the property, get under contract and then another 20+ days to close (if it doesn't fall through during inspections etc). 

I did purchase a large 6/3 home with plans on splitting it into a top/bottom duplex.

I do plan to have a least a couple locations, for which I have ran comps on, before the end of the month.

first off if you have to buy a system those are not true private money lenders those are HML ers full stop.private money lenders are folks that you meet personally.. at REIA meetings etc.. other professionals that you may encounter in your day to day that would have invest-able cash. many of these professionals will have IRA solo K profit sharing plans and those are your perfect investor. otherwise quit wasting your time and find the nearest HML that are REAL  ( tons of fakes) their rate will be basically the same as private lenders generally speaking

The plan was to live in the camper while renovating homes so we are living in the camper on the same property we are renting out our "dueplex".

While it's possible to get involved with real estate with little to no money, it's important to approach it with caution and a solid plan.

I'm working on my plan to start flipping houses and I figure if I can work my way up to a $300k line of credit for my LLC I can fund 2 rehabs at once and cover carrying costs without having to use my own cash.

I think in a competitive neighborhood next door to standard homes I would plan to price a Dvele home like everything else.

Hi John,How many more do you plan this year and what is your budget?

I am just getting started on my goals, plan, and research to best prepare.