I will say it is equivalent to a profit and loss report, so I would think it would be sufficient for that purpose along with some other reports I'm sure they will need.

Try to see the big picture when getting started - maybe seeking private / hard money to get in to the deals where there is more profit potential could benefit you.

I have a couple buddies in San Francisco who I've been talking to about potentially co-buying a place in Tahoe and I am wondering if anyone has advice on how best to make a meaningful case for sharing in the costs/ownership/use/profit/tax adv/etc.Curious if anyone has firsthand experience?

What % of GP profits are typically shared with someone who raises 95% of the deal equity?

However, communication issues with Lacey began almost immediately—she took two weeks just to send me a contract and was frequently unresponsive, blaming weather-related issues.She advertised the property as highly profitable, but when I asked for proof, she never provided any.

(Mass Govt should be giving experienced landlords (5 years operating with at least one unit at profit as a buy and hold) zero down loans to house these people (in areas they currently live in--so they can stay close to friends and family), and free money to fix up the Brockton type area homes to modern standards inside. 

A halfway on the other hand cannot be for profit.

I’ve had investors that initially bought SFRs in CA and accumulated about $400k - then sold the properties and now are actively buying fixers, small homes and value add properties where they use the $300k to purchase and improve and make between $200k to $300k per year in gross profits when selling a renovated or improved property.

His warning to me is that once it starts to turn a profit, which most STRs do, I will have to pay Uncle Sam quite a bit.

It’s important to balance cash-out refinance with maintaining healthy cash flow from rent.Mismanaging the Rehab Process:Delays in the rehab phase can eat into your profits.