I included in the proposal the benefits for the landlords, such as no worries for vacancies, a 5% profit share on top of the rental rate and the provision of a professional cleaning team for their property.

They are potentially less profitable then STR, but often have more profit potential than STR.  

Results: The final numbers – purchase price, rehab costs, sale price, profit, etc.Key Takeaways: What did you learn, and what tips would you give to others?

If not, I’d bet there was no partnership return.Assuming a 50/50 split, you should take half of all income, expenses and profit and report that on your return.

Flipping always seemed more risky and STR is riskier as well though it can be more profitable it can lead to serious losses. 

Each step my cash took along the path of my plan was established based on how (strategy used), where (market invested in), and when (cash needed to move onto the next deal (the plan).Each step required a specific amount of added cash exiting the deal as required by the next step, so I did deals that may have a cash profit that someone else wouldn't have done because they were looking at a disconnected result. 

Like flipping, much of your profit will be made at the time of purchase. 

Once you sell, you just walk away with what profit the market gives you at that time.

Look for Value-Add OpportunitiesFocus on properties you can improve to increase rent or reduce expenses—this can make marginal deals much more profitable.3.

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