I am just out side of Elkhorn, WI and selling our property the is 5 blocks from the lake. If sold for the amount I want I will have 30k to 40k at the end. Love to keep relator out of it, but may need realtor to find a...

They are typically less profitable as condos do not appreciate as good as single families.

Be clear on terms—percentage of equity, profit-sharing, and exit strategy.

Flipping or BRRRR is possible, but you need to be sure your margins are strong.

And since the S-Corp’s profits pass through to you, you’d still pay personal income tax on the rental income.

Is he just wanting to dump the property or trying to maximize profits. 

It seems the profit would cover taxes, and you would have more capital to do other stuff. 

With an average monthly profit of about $1,175 after expenses, it’s proving to be a strong investment.If your parents sell their home and want to move in, you’d need to weigh the trade-offs—losing that steady revenue vs. the stability of a long-term tenant.

What does everyone think is the most profitable area to purchase in?

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