Unbelievable you found a  MHIC licensed contractor to work for 10% profit margins, after expenses he made a 7.5 percent profit margin?

Give yourself a wider operating margin and a safety net.

You can also compare your profit margins for each property with reports pulled from your software. 

This one at least looks cash flow positive assuming nothing big goes after the rehab but still, it's a pretty thin margin here. 

Flipping is not dead, its just so many investors and wholesalers competing that they've driven the margins down.

HI Sam,A Heloc pro is you only pay interest when you draw upon the or having an outstanding balance but the con is that you pay interest usually based on prime + margin.

Management is low margin and full of headaches...maybe not with only one property but even with one...picking the wrong tenant or not knowing how to hire the right repair contractor can cause problems and ultimately vacancy...vacancy kills profit...My two cents.Greg

Maybe I'm wrong, but considering I wouldn't be paying 2 mortgages, water bills, insurance ect. wouldn't it be safe to assume I could purchase a property with a slimmer profit margin?

A larger system might produce $300 a month.It just seems like awfully thin margins.

Maybe I'm wrong, but considering I wouldn't be paying 2 mortgages, water bills, insurance ect. wouldn't it be safe to assume I could purchase a property with a slimmer profit margin?