Allentown was one of our football rivals.

I am willing to give up my profit in the deal to find a mentor.

At times you can profit $40-50K.

In this market, I would not finance a first time flipper at 75% profit split because the profits and success rate is lower than the last dozen years.  

All those things, and more, need to be ironed out.Question 2From a tax perspective, if you put a dollar in a business and when you sell you get a dollar back, that is a $0 profit, so from that perspective there is no tax. 

We profit about $1200 a month from both units.

It's not quite as profitable as doing AirBNB yourself, but at least it's a stable income. 

Purchase price: $250,000 Cash invested: $14,000 I purchased and managed a rental property in Chicago, focusing on strategic improvements and tenant satisfaction to increase both its value and profitability.

Right now you have $1,000 in cash flow that can be used to fund other projects (seed money), pay you in profit to supplement your lifestyle, or fill in any gaps for underperforming properties.  

The low purchase price, combined with an established market demand, made this an ideal transaction for a fast turnaround and profitable outcome.