If you got the property using a second home loan, you want to be careful with the amount of days that you stay in the property.If you stay in the property for more than 14 days, it may potentially be hard to utilize the losses against other forms of income.

Quote from @Brad Helmink: Oh, also, I used the BP projected rent calculators on a few new properties they've sent me, and their estimate was quite a bit higher so be careful there.

I don't really plan to use my license to sell to the public as I already have a full time job and our investment business will take up the remainder of our time. 

What type of financing do you plan to use?

Hi guys - would love any feedback on the below numbers I am crunching on a potential BRRRR deal.The plan is to hold on to the property, rehab it, rent it, and then do a cash-out refinance.

Make sure you build in enough profit that WHEN things pop up that you were not planning for you still have enough wiggle room to still make a decent amount of money.

Honestly, what do I care?

I knew I was essentially looking to BRRRR with my back up plan to flip.

Are you planning on getting this leak rectified within a reasonable time frame or is going to be leaking for a while? 

You want to be very careful.