So him just being able to purchase supplies en route to a repair project makes sense. 

If rent can’t comfortably cover mortgage, HOA, taxes, insurance, and some repair cushion, you’re subsidizing the property while also taking on the risk of future fee increases or assessments.Also look at the HOA’s financial health — reserves, upcoming projects, and assessment history matter more than online value estimates right now.If the numbers don’t make sense and fees keep trending up, that’s a structural issue, not just a temporary market dip.

This uncertainty is the primary reason why I have diversified my investments to include real estate even when I know I may never complete a major value add project.

But here’s the part I don’t see enough people follow through on The real win is what you do with the tax savings.One of the strongest next steps is taking those payroll tax savings and fully funding a Roth IRA — then actually running the numbers.When you project consistent Roth contributions over 25 years, the result is eye-opening.In many cases, it ends up far more powerful than what most people expect from Social Security alone.The S-Corp helps you keep more of what you earn.The Roth helps you turn those savings into long-term, tax-free wealth.That’s how smart structure turns into real outcomes — not just lower taxes this year, but better options later in life.Curious — if you’re already saving on FICA with an S-Corp, are you reinvesting those savings intentionally… or letting them disappear into lifestyle creep?

However, these projects often require significant upfront capital, which is where bridge financing becomes a valuable tool.Key Benefits of Bridge Financing for Value-Add Multifamily Projects1.

Assuming the ARV is within the ballpark of projections and things don't go as planned, vacancy etc, I guess in a scenario like this we can just sell the house and it would be profitable or not lose money. 

The biggest risk with flips is not the work itself, it is buying wrong, underestimating repairs or running out of cash before the project is done.

May I ask you, how many Fix&Flip projects you have done before this one? 

From an investor standpoint, that often favors higher quality, lower density projects with better margins rather than volume driven tourism.On remoteness and “lack of a pull,” that assumes the old tourism model.

I don't spend a lot of time on making a CMA for flips, but knowing the comps for the project I really want to know before pulling the trigger on the deal.