If you follow this, you’ll typically earn a profit of around 12% to 15% of the ARV.

Long story short—I thought my 2024 income would include my W-2 earnings from earlier this year, but that’s not the case.I ended up writing off too much on my taxes, and now it looks like I can’t qualify for my next house hack—even though I do make enough money.

I’m single and I want to be able to quit my job and earn enough from my rental income to focus on starting a business.

At a minimum within 2 years you should be earning $200k + annually from brokerage activities and $250k + annually from “purchase, cure env problem, sell”.  

If there’s a podcast episode, book, or hard‑earned lesson you think every beginner should hear, I’d love to know about it.Glad to be here and looking forward to learning from all of you.

To my second point, if you're earning commission on at least one property every year it probably more than covers your expenses.The reason I got my license is because I didn't want 2 people who only get paid if the buyer and seller make a deal talking privately to each other about the negotiation.

The reason is that flipping is earned income subject to FICA (social security tax {14%]) With an S Corp some of your income can be a salary subject to the FICA tax and some can be a "Dividend" which is NOT subject to FICA tax.I think @Ryan Coon has said some things that might be misleading.

In what world do they meet earnings expectations on August 5? 

California has a “2+1 rule” meaning 2 adults per bedroom plus 1 extra adult.

STRs can earn more but come with more work and turnover.