I have flipped 4 different properties in the past, but it looks like there are more investors who are already ahead of me in this market.

House hacking not only lets you live for little to no cost, but from a tax perspective, you can also deduct a portion of mortgage interest, property taxes, utilities, repairs, and depreciation against rental income, potentially reducing your taxable income.You’re already ahead of the game by budgeting, and planning ahead.

Great breakdown, you’re already ahead of most first-time flippers just by asking the right questions.

A few key concepts I’d focus on as you’re getting started:-NOI (Net Operating Income-Cap Rate-Cash-on-Cash Return-Debt Service Coverage Ratio (DSCR)-Value-Add Strategy -Exit StrategyIf you can underwrite confidently, understand leverage, and know your market’s fundamentals (rents, expenses, and cap rates), you’ll be ahead of most new investors.If you’d like, you can DM me and I can help you go through a deal your looking into.

This motivation is great and is truly what will get most people ahead of those who lack it.

If you buy and hold you think 10, 20, 30 years ahead.

These misc expenses add up and it is virtually impossible to know ahead of time what they will be for the following year but i can forecast $3k asset protection, $3k tax man/accountant, $2.5 legal (I have a legal expense for less than annually), $2k bookkeeping, $2k unplanned utilities, etc.  

With your background as a Realtor in Atlanta, you’re already ahead of the curve.

It will take some work; you'll need to plan ahead, structure things right, and make sure that it makes sense with your entire financial picture.The best move for families in this situation is to review the tax transcript early and work with a CPA and title professional who can confirm the lien’s status before listing or transferring the property.

Having a solid lease, screening process, and clear boundaries helps a lot.It sounds like you’re thinking ahead with your savings buffer — that’s key.