Or, it could eat up all of your profit, which is most common.)

Would generally love to connect with anyone who has experience in the rent by the room model as this is my first time using this strategy.Thanks in advance :) I would rather eat gas station sushi then invest in a rent by the room property in Cleveland Heights.

Condo's typically are cheaper entries but have additional HOA costs which usually eat profits. 

Depending upon the size of the deal a hard money loan might eat 25% of the profit.

That is why people describe the commercial space as more of a dog-eat-dog environment.

Give your family 1 fish to eat 1 meal  or teach them how to fish to eat for a lifetime? 

You simply had to eat the costs.

You could end up paying holding costs like loan interest, property taxes, and maintenance for longer than expected, which can eat into your profits.Then there's the issue of selling for less than you expected.

If you plan on selling it, I wouldn't take out a mortgage if you could do it with cash as financing will eat into your profits. 

I've saved my clients thousands and huge mistakes that the builder would have made them eat.