Referrals are by far the most efficient, economical and profitable way to do business.

Anybody have a nice profit and loss template set up on excel that lets you plug in your numbers each month? 

The third, I think I will break even or small profit, but it will be on the longer end of the hold, like 7+ yrs overall.I have not had any additional capital calls.

They just aren't that profitable.  

Buy a property to live in, fix it up, then sell it later for a profit.

I want to use the profits from flipping in my home market to obtain and pay off properties in a better cash flowing, landlord friendly market.

Also, consider the impact on your liquidity—ensure you won’t need that cash elsewhere during the project.Off-Market Deals: These can offer better margins.

I know a lot of folks that started with 1 or 2 properties that they bought from A turnkey rental seller and then went on their own, after all, purchasing and owning A rental property is the real experience it is far more hands on then any course your listen or video youll ever watch, so for someone that has the funds and is eager to learn the real way, and is okay to not make his full top profit of their first few investment properties it would be an idea for them to start with A turnkey seller.But as mentioned here, it definitely comes with A certain price tag, although for some starters they can pay up even more when they start on their own, and with A turnkey seller they'll actually save money.It all depends on the investors capabilities, experience, guts, funds avail, time (if you got they full time job besides real estate) etc...

This is very interesting but where is the profit.

Some folks are happy with 5-8% profit margin and others don't look at much under 20%.It is all going to be up to you where you are most comfortable.