I made zero profit from operating the property. 

Investment Info:

Condo fix & flip investment in Las Vegas.

Purchase price: $275,000

Cash invested: $294,000

Sale price: $355,000

Seller was behind on pay HOA payments and in risk for losing t...

.- The profits are then “passed through” to you and your partner.

Until you can scale, it's likely that you can execute flips quicker than new builds, thus you can turn around profits quicker to reinvest. 

The property is located on St Augustine Beach and other STRs have high occupancy rates, solid ADRs and are very profitable when managed correctly.

With two rentals, you might consider QuickBooks Online Plus, which allows you to track income and expenses by class codes (ideal for separating each property’s income & expenses to assess profitability by property).

Renting by the room can indeed increase profits, but it's important to consider the potential challenges.

If your cost is $1mm, go for $1mm in profit. 

Average profit on a trailer park is between 10-15 percent .

With strategic upgrades and efficient project management, we turned this investment into a profitable success, showcasing the power of smart renovations and market expertise.