The “methodology” the guru presents either isn’t all that profitable, isn’t as simple to enact as he suggests, and or works only with certain limits as to economic climate, geographical area, etc.2.

So now we cover utilities for both units and the new tenant pays a higher amount too on the back unit to cover all the utilities with a great profit.  

@Chinku Chinku the rich get rich by making their money work for them.They borrow at one rate, to invest in something that returns a higher rate - they profit on the difference.Only you can evaluate your risk tolerence though.

Despite paying fees, doing a deal and making some profit is better than sitting on the sidelines. 

I have 3 joint venture deals that were presented to me as netting 170% profits in 2 years. 

I do not want to sell because my profits after closing costs will be about $15K.

To scale this route you need to have a good system in place to ensure you are profitable.

Reinvest profits, stay patient, and keep building toward replacing your income.

After analyzing the potential ROI, we negotiated a fair price of $58,500, ensuring room for renovation costs and profit.

Theoretically, they split any profit.