From there, you can start comparing markets based on profitability, demand, and distance.

Key is to not grow to fast and have $ set aside as it's never as fast or profitable as you think when getting started where in Texas are you looking to be a GC?

I thought the program’s 50/50 profit split would align our interests and ensure they provided solid guidance, especially since I was new to the field and nervous about making such a large investment and thought the 50/50 profit split sounded fair.

After closing they split profits 50/50 with you.

The average profit on a wholesale deal is $10,000.

You have NO leverage, no matter what he builds or does not build, except for the developer saving some money in legal fees and cutting down on mesne profits damages.

My total resulting expenses for that home including rent profit and bills are roughly $1200/month.

@Jason Khoury I purchased my current residence, a duplex, from a local non-profit about 5 years ago.

But the props were in your name and they had a loan against it and then when it was done they bought it from you and you made a profit ??? 

This is how much you need to increase your room rate to become profitable based on last year's information.