What you'll find is that the better sponsors are likely to have a lower return to LPs because they present less risk and are rightfully keeping more of the profits for themselves. 

Build a strong team of local agents, property managers, and contractors, and reinvest profits to grow your portfolio.

. $20,000 profit after realtor commission.

Petersburg area, resulting in highly–profitable investments.If you need professional and courteous property management experts for your multifamily, single family, condominiums or town home, you've found the right company!

Maybe that is gross profit when you sell it, but what about the cost to build it?  

He should be digging his heels in every day to make his investor profitable.

Without a firm base and working familiarity with these three areas the investor will not have the knowledge to analyze, negotiate and close advantageous real estate transactions. 2- Experience - the first few deals are likely to be smaller, harder, with more “surprises” and not as profitable as the investor imagined.

And even if I do not get into the renting business I can make some profit if I decide to sell the property at some point.

Let's say things go wrong down the road, any profit from the Wrap has been spent of course, the DOS gets called.

If you have a “good tenant” bend over backwards to create the 5 year no hassle highly profitable relationship I spoke about.