Flipping used to pay for all of my bad habits, but now I cannot break even flipping bikes on CL.

E.g.;
I just did the math (below) on the expendables I buy for each flip-bike (assuming it is in decent condition to start with).
If I need replacement pedals or a saddle or whatever, it's $20-40 more.
This does not include little things like cleaners, cable ends, polish, etc.

Sales prices here are extremely depressed: Since last year, nice, mid-level bikes just rot on CL for $120, and prices on rougher-looking projects are almost that high.

Of course, there is still the rare case where a higher-end bike goes for a song, but then the competition for it is FIERCE!