LOL... can you say PAY DAY   :)  you guys get rent I get sellers proceeds.. you pay no tax I pay a ton..

The payment date fell on the same day as their pay day.

Those diapers were going to (and had to) last until next payday.  

If the latter is chosen, the federal, state, and local governments get their pay day, and that pay day is much larger (if a 1031 exchange had been used) than the cumulative paydays that they would have seen had they taxed the investment vehicle from day 1 on every sale/repurchase of property, because the tax deferment program allows for larger and larger investments over time.

After all expenses including my paydays are taken out, then that's my profit. 

SAVE a bunch of your income.. starting off being a high income earner .... all things that help you create this machine as fast as you did.Have you thought about using the cash flow your not touching to start paying off your highest interest rate loans first. you get them paid off its like owning another unit without having to buy one.. your pay day comes when these are all paid off.. !!

A casual comment by an early mortgage broker mentor proved prophetic: a day's delay equals a week, meaning each one day delayin a deal resulted in a week's delay in a payday.

Not many realtors in my day also flew and had the presentations I had.. but also in those days my commissions were 10 to 15% sometimes higher.. so when I banged off a 200 to 500k ranch it was a nice payday late 70s and 80s.. and NO banks and NO appraisals and very few inspections..

I credit listening to MQs and their coaching program and the many, many great people I have met on this journey for helping have the knowledge, the courage and the needed education and skills to do this first deal with very little of my own money.Contracted Price:  $73,750Sell Price:  $93,000Closing Costs:  2488.39Commisions:  2790.00Approx Net:  $13,971.61I listed the property myself so I saved some cost there and the property was occupied creating a problematic situation for showings so I feel like I could have sold it for more if it would have been vacant and the occupant would have been more cooperative.I double closed on this deal and orginally had transactional funding setup with @David Dinkel but the title company was able to fund the frontend transaction with funds from the backend transaction.It wasn't a homerun but it was a nice payday and the wisdom I gained and relationships i built going through this very difficult deal was well worth it.I kinda agree with @Tom Krol when I hear him say on his podcats is that this isn't really as much about real estate as it is about sales and marketing and working with people and building relationships.If you have any questions, feel free to sent me a friend request, message me, call, text or email.

Shooting to make 165, I think paying more to the owner would still make a great payday.