Extra 4 months of carrying costs are up most of the margin.

Several people told me I shouldn’t do this, but it’s one effective way that helped me scale up to 29 SFR in 9 years.

Sometimes the closing costs from the auction are HIGHER than expected.

You end up with Hotel Quality sheets / soaps for the cost of Amazon or even less.

.), inclusive of any renovation costs. 

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Or are you planning to put 100% of the risk/cost of vacancies, furnishings and tenant nonpayment on the owner with you having 0% risk?

Then you add the compounding effect of hurricane Dorian and it was crickets.

So an identical neighborhood (income, crime, school quality, etc.) can cost you as much as a $100k less on the South side simply because your neighbors are brown or black as opposed to white.this right here is the gem advice.  

On your tax return you would report the proceeds, subtract costs and proceeds paid to seller, then the remaining profit would be your flat fee.