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Every flip I have ever done has turned into a rental just to break even because I could not finish fast enough, over improved, and could not find good subs...or general contractors to do much of the work so I had to do a lot myself (outside my normal work hours). With a mortgage, electricity and water on, etc....4 or 5 months eats a lot of money...and if you want more than a wholesale price, it takes months and realty fees to sell.
On the bright side, rentals have worked out reasonably well over time for me Just glad I didn't have any partners.
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74 Targa 3.0, 89 Carrera, 04 Cayenne Turbo
http://www.pelicanparts.com/gallery/fintstone/
"The problem with socialism is that you eventually run out of other people's money"
Some are born free. Some have freedom thrust upon them. Others simply surrender
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