So in essence unless your going to fight (and pay) for a fair return against a fascist Oakland rent administrators - your profits will slowly decrease.

. - Is Big Bear Lake still a profitable Airbnb market in 2024?

@Jesse LeBlanc, I still don't see what the point of any arrangement the seller/borrower and the lender had was.The only thing I can GUESS is that by overpaying the lender grossly, they will receive that residual money after January 1st and be able to book the profits in a different tax year.

However, don't discount the value an organized and knowledgeable GC brings to your job site and mistaken the value they place on their time for a mark up on materials.  

We have a friend/business partner who would give us $37,000 and we thought we would put about $10,000 and we'd split profits as 63% for our friend and 37% for us.

So, it could be an opportunity to pocket TAX FREE profit. 4.

Expenses can eat up profits in less expensive areas. 

Nonetheless, the only way for him to get anywhere near the profit he's looking for is through seller financing and since he owns it outright that's a solid option. 

With that being said I think you will find the multi-family model, 2-4 units more profitable, than a SF.

Bottom line was a $1,325,000 profit on a $1.775,000 investment in little more than a year and a half.  3.