Paying $700 a month out of pocket isn’t too bad considering you’re in a great area with high growth potential.

but, it's not going to be "profitable" for several years, depending on how you define profit.you'll have a down payment, then closing costs - which new investors always seem to be shocked by - then potentially some costs to get a property rent ready, then you'll pay a month's rent to get it listed and rented out, then you'll likely have some repairs after the tenant moves in.  

Our seamless financing approach ensured a swift transaction, facilitating a same-day resale and maximizing profit potential.

So, you could potentially avoid paying income tax on all profits!

Although this is a long term investment and not in the main stream, it has added a certain level of comfort knowing the above potential investment risks are to a degree reduced.

Investors love to take advantage of this strategy to expand their RE portfolio and have better appreciation potential.

@Randall King If you find the property isn't performing well, a 1031 exchange would defer the tax and concentrate that equity into something that has a greater cash flow potential, like what @Corby Goade said.

Finding the right realtor/wholesaler can be a huge advantage, especially someone who knows the local market trends and can spot areas with hidden potential.

It’s considered an act of god if a strong wind blows down a healthy tree that nobody expected to fall, but if a dead tree has been looking like it’s about to fall for awhile and the owner has been notified of the hazard it causes, then their inaction can cause them to be negligent in addressing the hazard, and they may be found to be liable.

It's a great property with still a lot of upside potential.