. $3000 profit, minus about $2300 in mortgage, property taxes and insurance leaves about $700 cashflow, when I move out.

And then also do you typically repay each partner their upfront costs from the profits before then distributing profits?

You manage the headache of guests and communication, cleaning, etc. and he provides the property, but shares in the expenses and profits.

I don’t have a loan on the property and hold it cash, but, if I sell it would lend the profits as hard money and earn 10%+. 

The return would be $50K profit per deal in 5 months.

What is the minimum amount of profitability acceptable at a $60 million loan volume4.

By 2030, we want to have grown a portfolio of over 100 units, created a property management company that manages an additional 100-200 units, and, finally (and most importantly), we will have established a non-profit that is focused on quality, affordable housing that specializes in providing housing and resources at/on the "services cliff" alongside financial counseling and first-time home buyer education in our target area.Our target area is the Springfield, MA and Hartford, CT areas with dreams to expand to Central Massachusetts (Worcester, MA), Southern New Hampshire (Nashua, NH), and Southern Connecticut (New Haven, CT).Would love to meet up with likeminded individuals in our area!

If you don’t owe then, everything is profit without paying overhead depending on the structure of your lease.

The hard part on every fix and flip is to find a property with enough meet on the bone to make a good profit.

Consider offering equity partnerships, debt financing with profit sharing, or preferred equity, where investors get a fixed return before you share profits.