I'd like to agree with him on a price and pay for the rehab and all of the costs and then sell it for him where he would take the agreed upon price and I would take the profit. 

I also organized the local real estate investor meet-up.

Even if that was only 3% - that is $24-36k of equity you are building YEARLY on $800,000 - $1,200,000 worth of real estate… so in 10 years that would be $240k - $360k of additional profit you would make if you sold then.  

Anything more is almost always done out of ego not out of maximized profit.

I live in this property, but at some point plan to sell it and make a profit.

Best of luck, I know it is always challenging thinking about selling a profitable investment.  

Or, it could eat up all of your profit, which is most common.)

Looking into buy and hold condos for rent, do you find with the high appreciation and  hoa fees, there are any room for profit? 

These figures highlight the strong cash flow potential and attractive returns that new fourplex investments in South Texas can offer.In summary, investing in brand new fourplex buildings in South Texas combines the benefits of modern construction, strategic location, and favorable economic conditions, making it a highly attractive option for those seeking a strong, stable, and profitable real estate investment.

It will depend on how well your records are kept and organized.