Analyzing a Live in Flip

[Tyler Smith]

Hi Everybody,

I'm currently in the greater Seattle area and extremely interested in a live in flip for my first property (most likely a SFR due to Seattle's extremely high prices). I'm curious on how some of you guys do/would anazlyze a live in flip vs. a regular flip. I've used the house flipping calculator here on bigger pockets, although I'm thinking the nubmers would change a little big given the fact that it would be my primary residence for a minimun of 2 years. Maybe I'm wrong, but considering I wouldn't be paying 2 mortgages, water bills, insurance ect. wouldn't it be safe to assume I could purchase a property with a slimmer profit margin? I do have a construction background so I would be doing almost all of the work myself.

Thanks for your help!