@Brett RogersI believe the selling expenses can reduce your profits, particularly on a shorter hold of two to three years.

Also, what do you consider to be enough profit to be worth your time or effort?

Clean exit, strong profit, onto the next deal.Where The Profit Really Came FromHere's what's important to understand about this deal.The renovations and rent increases added real value.

This deal showcased how strong negotiation, quick action, and market awareness can create profit without renovation.What made you interested in investing in this type of deal?

For the numbers: I bought for $56k, had a $105k rehab, and sold for $210k, walking away with almost $30k profit.

Selling them for something would still be financially better than donating them, even if you could find a non profit who would take them.

Ideally we are looking for a single family home (3+ bedrooms) in an area where STRs are profitable.

When you sell $700k property you have to buy $700k worth of property to defer all taxes not just the amount you have in profit.  2) When you did the exchange your “tax basis” for the two properties you bought would be reduced by your profit.  

Return of Capital FirstBefore either partner takes profit from a sale or refinance, the money partner gets their initial investment back.

Quote from @Shuff Mauldin: The “best” way to be profitable — or, really, giving yourself the best odds to show a profit — is sticking with the asset class that gives you the most outs.