Additionally your 150K equity should be producing a 10% return of about $1200/month.

I grew up in Sugar Land for much of my childhood, and it's incredible the growth and new builds out there in the past 10 years!  

They are incredibly picky on these things- here is the Time log that is presented in the IRS audit guide related to RE Pro. 

BUT that is incredible fluid so please don't hold me to that. ;-) A lot of my house hacking clients have saved up a chunk of money and then talk with a lender to find out if they're ready to go.

It has always produced the highest quality leads which is why they wised up and started charging.

I'm almost at the point I cannot pay retail any longer as it's always cheaper to develop our own new buildings or systems. https://www.alibaba.com/produc...

If you were to keep it, and were able to rent it for $1400/mo, by your calculations, it would barely produce a profit of $1200/year, and the tenants would surely be hard on it, and it would need to be reconditioned before sale.  

Using a comprehensive computer program will produce accurate operating budgets.

Using a comprehensive computer program will produce accurate operating budgets.

This he notes will provide one the ability to quickly master hard things and produce at an elite level. ie with speed and quality.