$28,000 profit Lessons learned?

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).

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.

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

We've done a lot of deals together over the years and I appreciate all the work he's put in over the years especially when we were doing really lean deals and there wasn't a whole lot of profit there for him relative to the work he was doing. 

I would suggest looking to bring in a partner and give them a percentage of equity for the $.Another option is to take profits from flips to grow or look to sell some of your rentals to grow as well.

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

Also that will give me a lower payment which will allow me to have bigger profit from rent.

My thoughts are that if it’s in good enough shape I can sell to a consumer buying with a mortgage company or if needs work sell to an investor for a discount to make a profit.