Q2: How do I report the profit and expenses from the sale of a flip?

Sold  75k in 2 weeksJLH capital partner profited  17k plus his EM and trash out back to him.

I've been more on the origination side here so I can't speak too much personally as I try to get some investments under my belt, but from working with investors over the years it is a key part for them to pull additional liquidity for new projects they pursue as well as a great tool to keep their properties profitable over a long-term period.

Make stable profit first, and then decide if you feel inclined to use part of your assets charitably.That's my two cents, at least.

This transaction demonstrated our expertise in quick flips and effective marketing, yielding a strong profit for our partner.

Every month after that you will realize a profit. 

Currently, I'm struggling with an eviction on this property and have not made any profit.

I am less concerned with the monthly revenue and more with the overall profitability per year.I will also say that with most seasonal rentals, off season can mean zero occupancy. 

You must be careful because handling tenants is a very stressful process but can yield great returns and if your investment is in the right place you may make a good profit!

I would suggest finding an experienced investor and doing one to three projects with them so that you learn and come out profitable.2.