As you start closing deals, you will need to reinvest your profits into mailing lists and other scalable activities to grow your business.

We calculate gross income as all dollars coming in except taxes.Our clients gross revenue is the room rate (top line) expenses minused out and then they receive their net income.Net profit (or loss) would be then when they subtract debt service, property tax, insurance, utilities, etc.

I know, shouting out a different organization on their own page but they provide a very swift and understandable process for anything you may need help with.  

Welcome Scott,There's a ton of useful resources here on Bigger Pockets from calculators designed to show profit/loss to seasoned investors giving advice.

I know it is profitable,

Then your "loss" is only $700 more per month than what it is now, and if you live there at least 2 years and can manage to sell for a profit you won't owe any capital gains assuming you lived there first.

This creates a risk-free profit center for them, but no one here is a fan of the upfront fees.On the positive side, I believe their website is one of the best I’ve seen for a lender.

Some will just charge you the interest, some will charge interest + points, some will just want a % of the profit at sale/refinance. 

Hi Shayan,Rehab projects that involve HOAs can still be very profitable, you'll just want to check in with the HOA prior to signing the purchase agreement to check if the work that you want to do will be allowed, but also to see if the condos are warrantable.

I was able to package three of them in one deal, which ended up breaking even/not profitable (A little bummed on this one since I think the buyer (an investor) won the better side of the deal in terms of gaining equity on the houses).