Is there any profit left

[Mark Forest]

I guess this is mostly a philosophical question, but it's also objective. I notice many landlords of SFH do things like hire property managers, contractors to do even basic work, and when they renovate they put in top of the line granite countertops etc. Do those of you who do these kind of things actually make a profit?

I do most of my renovations and repairs myself.  I buy my appliances and other building materials at Habitat for Humanity. I have rent checks sent to a PO box and I follow up with deadbeat tenants on my own. I personally do all my accounting on QuickBooks. I do my own evictions. I show all my vacant properties myself. I interview all my prospective tenants personally.

Most of my SFH are in blue collar neighborhoods with one that is on the higher end. The high end house does have comprable high end things. Even the used stuff I buy is nice, but not perfect.

I have been critisize here for my methods, but I save money and all my houses cashflow positvly. One main thing I hear is that landlords spend their time "doing deals". Are you all really that busy getting new houses or is that just a cliche? If you are, great I'll admit I have been doing it wrong and hire out more work. But are those of you who spend all your time doing deals instead of working on your houses really making money?  Thanks, just opening up a discussion.