I have completed a few flips, some patch and paint and some are complete renovations.

If you engage in an active business such as flipping - UBIT may apply, be sure to speak with knowledgeable CPA to understand the tax liability. 

Especially if you’ve flipped in and around Wilton Manors, Oakland Park, etc.

I would like to succeed with one more flip, but know I need to add rental properties into my portfolio. 

I have a basic knowledge of flipping, wholesaling and renting.

Any advice on this vs fix and flips??

So this property is the one I currently live in but the house is in my mothers house she was thinking about trying to start fix and flip she’s unfamiliar with the process I have more famIlIarIty than she does as I have done a ton of research and have been a BP member for some tIme.

What’s best way to find/approach/acquire funding from a hard money lender when you have never flipped a home?

We have recently decided to sell our home and move into a flip property we rehabbed.

Joe I see this as highly regional.. when we were flipping in Dallas almost all appraisals came in low and we had to negotiate.. it was frustrating and since the homes were FHA buyers they no had any more money to make up the delta.. and with the uber high tax's there you just have to let them go and make less or break even on the flip.. we just were not efficient enough to compete there.In Oregon and Charleston were we do true NEW construction for retail in the 450 to 2 million price points.. we have not had one appraisal come in low.. they come in at our sales number.. and this last community we built.. the exact same house we built the year before on the same size lots we sold for 75k more.. and they still appraised.. that's good appraisers keeping up with rising markets.. in Texas it was not that way the appraiser were not tracking the rising market like they should have.For the average homeowner to use this strategy could lead to some frustration of making offers paying for inspections and appraisals and then trying to negotiate down only to have a sale fail and be out 1k or more and the time involved..