After analyzing the potential ROI, we negotiated a fair price of $58,500, ensuring room for renovation costs and profit.

There is realized gains & profits, and UN-realized gains and profits.

All of the multifamily I have looked at in my area are not profitable due to prices being much higher than rent currently.

Like I see how it could work in a perfect world but i cant wrap my head around the idea that I could be making a profit if I still don't actually own the house and still have to pay down all of the loans.

I'm managing D class properties with a property manager and am making a profit. 

As a broker in a wholesale market, I "buy" a loan from a lender at a discount and mark it up for my profit.

@Alex Hymanson  you should read the book...Storing Up Profits. 

I’m reaching out to you, the seasoned investors, for guidance as I work toward making my first acquisition.So far, I’ve analyzed over 100 deals to assess their viability and profitability, and I understand the law of percentages in CRE.

In southern Florida I fund and profit / loss is 50/50.

Stationed there almost three years, sold with profit and tax break for how long we lived in the house.