After two years your only profit will be the education you gained. 

Sounds like you found a profitable niche 

When you charge under market rent, the IRS deems that you do not have a profit motive and, therefore, disallows all rental expenses. 

And I bought 3 other properties with a different deal structure, but also profitable. 

Many are buying properties, doing minimal renovations to keep their crews busy, and selling with small or zero profit margins.Cash buyers are a priority.

So we shall elucidate five myths and truths about investing in them.Myth 1: Distressed Properties Are Always Money PitsMost people think that distressed properties require major renovations, which wipe out profit returns.

We did a couple recent ones that were on market, fixed them up and got them to market after the remodel with a profit.

A good REI bookkeeper will help keep everything neat and tidy throughout the year so you can make educated decisions in your business, potentially creating more profit and less headaches.

Is it like you sold your house and don’t have to pay for the profit?

My mum currently lives there, she is 80 and not very well, but you would also become a tenant in common and as such if you had the time you could profit 100% from the transaction, as I need cash urgently and am willing to heavily discount the asset.I am wondering if there is a market out there where someone wants to get a foothold in the London market by buying my part of the property.