Reason, if the individual is willing to give me top dollar rent and thinks he can still make a profit, then it's a win/win.

With $19K invested and a $71K purchase price, your cash-on-cash return should be strong if the rental income covers expenses and leaves room for profit.

Can get it rent stabilized, sell 4 profit, rinse and repeat.

$28,000 profit Lessons learned?

They have profited many times due to our management of the real estate. 

If you want to hire to have this built out and are willing to either pay good money for it or agree to 10% profit of anything that comes through it, I'd be happy to help build it out.

Plus you still have to actually underwrite the entire deal (purchase, construction, carry, etc to develop accurate CF/profit).

Where do I start;  how do I find the right properties; what to look out for; what outlets do you use to ensure you don't pay too much for a property; what strategies should people in their mid-40's use to maximize the probability of success and profitability; etc., etc., etc...

In the end, it’s usually more profitable than relying on a home warranty.

Taxes, interest, insurance and maintenance will eat into the profit. 2.