I bought the home in 2010 and have spent the past several years doing a SLOW live in flip.

We are looking to flip, gain rentals, do rehab work.

CoCROI is a good pre-acquisition metric and, yes, we need to flip to ROE post-acquisition. 

Also have a separate entity for construction / flips as you get different tax treatment.

You’ve got much bigger fish to fry and costs to watch with a flip.

@Taylor Walber the MAO formula mentioned above does not apply to rentals it is for flips.

I got side tracked and partnered in a passive role on a few flips which didn't really help me to acquire more rentals like I planned.

I've currently been showing an buyer investor foreclosures in Washington and I don't know that part of town at all .... my company has me working with a team that has me working primarily with investors who do flips or buy and holds.   

We are supposed to close on our first flip tomorrow! 

I've done some hard money lending in the past and been perusing the market for a flip or rental.I just found a posting on a WF foreclosure auction and I need a little guidance.