The problem is that your debt payments are going to basically wipe out that $400K profit unless there is room to increase revenue or reduce expenses.

The rates will be lower and will allow you to maximize profits.

The first year we spent $45,000 on the program, and our deal flow doubled with our net profit up 70 + %.  

I haven’t made any profit yet and I’m wondering if I should still file taxes for my “business “. 

Keep in mind the more you write off the less money you will show as you net.If you have (2) full years and depending on how the accountant files your taxes you will have a schedule C more than likely or another schedule that shows profit and loss.

A freak.Those who own larger commercial deals, I would venture to say 1% or less maybe?

Aiming for larger properties on your first deal (100+ units) is definitely very ambitious. 

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $90,000

Cash invested: $25,000

Bought a house this fall in Minot for $90k. Currently have it rented and plan to ho...

The problem properties are the larger ones.

Are laundromats profitable?