Success in this industry isn't just about making a profit—it's about creating lasting value.

Note:  LLC has bought/sold $12 million over the last year with and made a profit of 650,000 (without any of the partners RE commission contributed to the profits)Going forward Partner #1 wants the RE commission to be included in the profits - less a flat fee to her.   

This might offer more security but also could complicate tax reporting.Taxation of Y as an S Corp:If Y is profitable, electing S Corp status could reduce self-employment taxes, but it also comes with more stringent IRS rules.

We knew it would sell for a great profit because of the location.

How could this create a more sustainable and profitable investment strategy?

And IF he makes a “sale” the majority of the “profit” goes to the person with the actual cash (buyer).

Your potential profit from renting is non-existent. 

It also allows me to communicate with contractors, solicit and award bids from within the tool and keep my projects on time, within budget and organized.

How important is profit vs protecting your asset for a future use?  

I’d love to cut the cost of our rent and maybe have a profit on top.My questions are: How does the market look for House Hacks at this time?