Along with doing work for others, I’d like to be able to do some fix n flips within this LLC using company resources to buy, renovate and flip the property... does this make sense?

Current rents per month: $1700/month and $1800/monthFair market rents per month: Same as aboveDown payment or equity: N/aSource of down payment funds, if applicable: N/aIncome Source: Hourly W2Gross monthly income (optional): $12-13kMonthly debt obligations appearing on credit report, plus (if applicable) personal rent and alimony/child support/etc: $600-700/monthFICO: 700+Credit issues: NoneAdditional details: I would like a cash out refinance of 80% LTV so I can owner occupy the property. 

Is what it is, N Mpls property with bad tenant history, non performing tenant in place with perpetual eviction moratorium in place, yeah correct price would hurt. 

Any help advice is greatly appreciated.Andrew   HousePurchase Price $90,000 Total PriceRepairs$10,000 Rough EstimateMortgage $408 20% Down 5.5% APR when refinancedTaxes $790 Pulled from countyHOA N/ARent$1,800 $450 per UnitProperty Management $180 10%Maintenance $180 10%Capital Expenditures $180 10%Vacancy $180 10%Cash Flow $672.00

@Mark N. 

Investment Info:

Single-family residence buy & hold investment in Powell.

Purchase price: $100,000

Cash invested: $20,000

Seller approached me about listing the property for sale. Her parents bui...

Investment Info:

Single-family residence buy & hold investment in Powell.

Purchase price: $100,000

Cash invested: $20,000

Single-family home with 2bed/1bath upstairs, mostly finished basement. On...

She lived there alone & had a l-o-n-g surname.

I would use the HELOC as your down payment and closing cost money to get into fix n flip loans.

@Jeffrey Holst those insights are rock n roll dude.