Either turn the Charlotte home into a rental or sell it if possible.

gunstock is the all time tip,selling color, so somewhere there...but a little gray and a little distressed should be fine and would look great.

We ended up selling with a profit!

The kew factors are: Inventory(choices), project turnover (close to close/refi), resources to make the moves, and resources to find, rehab, and then sell the flips and a lender for the bridge loans and the refis.Most people, most, will have a hard time scaling on their own, especially of their home market is un-investable to them.I keep my clients busy by opening up markets and making those key relationships and putting an infrastructure in place that will find, lend on, and rehab houses. 

We decided that the upkeep of this old home would be much more of a headache (for it being a rental) than we anticipated or wanted to deal with and ended up selling the home as a fix and flip, making money off the deal!

That is what it all boils down to.If a lender asks what your plan is and you say there is a new slot machine in Vegas you want to try out, that probably isn't going to fly.If you say you found a 4 bed 2 bath built in 2015 that you can buy for $350,000 and after fix up of $40,000 will sell for $500,000 that gets the conversation started.

Hello BP,Let's say Johnny buys an investment property for $165k in the state of Texas and puts $30k into it for a total of $195k; the property sells for $300k 2 months later.Johnny has had some experience with flipping homes (primary residence) in the past and is aware there is a limit on capital gains tax for profits under $250k.

At this time, we have given up and will sell this property next year.

For 2023 TR, IRS held 10% of the selling price because I am a foreigner.

SELL: ~720K (loss ~30K), 2.5% mortgage rate 27 yrs left.