Figure out your profit per door and what you need to make for a full-time income.

In my experience it helps keep pre-applicants organized and is an actual sight with a google-able name so it doesn't seem as scammy.The background check and credit fee is $30 paid by the prospective tenant but I always tell people applying for my units ahead of time what my credit and background requirements are and that if they pass those qualifications (plus the reference checks) and sign + pay the deposit that I will reimburse them the application fee.

My initial thought is to do a HELOC loan and pull out enough to do a flip and then rinse and repeat with the profit from that.

I could make it profitable for sure if I could self manage and fix things myself.

Take a look at the HOA and see if it changes every year, HOA price increases can factor in on your profits with respect to Condos

Investment Info:

Single-family residence wholesale investment.

Purchase price: $9,500

Sale price: $15,000

Tax defaulted property in Michigan

The operating agreement is more important than the certificate of organization/ state filed equivalent.

There seems to be some lack of knowledge on the owners' part come to think about it.Do you believe the wholesaler was up front about never intending to close on his behalf and simply profiting from being the middle person?  

and see what skills you might have to add some value as a side hustle.Things started to happen organically as I got more involved in the Chicago real estate market, and I am confident they will for you, too!

By optimizing operations, leveraging technology, and exploring diverse markets, you can create a structure that grows efficiently while maintaining profitability and reducing risk.