In the last two days, I met with two business sellers who have net profits of $580,000 and $600,000 per year respectively. 

Theyre out there, but they are largely impractical and not viable except in the most profitable deals.

Also, don't forget that, if you pay taxes, it means you're making a profit.2.

Budget carefully, prioritize high-ROI renovations, and adhere to strict timelines to maximize profitability.

The borrower must have a good deal from which they will make a fair profit.

I know that it eats into profits but it is something to consider for at least your first rental.

I am in Florida and we have a strong STR market and most of my buyers bought at high rates and using AirDNA we were pretty spot on for the numbers and we were successful in being profitable.  

Would love to hear your thoughts on whether pursuing this adjustment makes sense or if I should reconsider.For reference, I’ve included the following assumptions in my calculations:5% for maintenance3.5% for vacancy10% for capital expenditures and management feesThanks! 

These days seems like most wholesalers take the profit so you don't have to.There are great HML around. 

To establish a 50-50 ownership in both the property and future profits, you'll need a formal agreement outlining each person's contributions and rights.