Reinvest profits, stay patient, and keep building toward replacing your income.

It’s not just about the profit margin or the cap rate; it’s also about building trust in the community.

But to be successful and profitable, takes some distinct characteristics:1.

Are laundromats profitable?

Credit Rating/Bank Statements/Tax Returns: Specify your requirements, if important to you.Purchase Criterion: How do you define a good deal, which will be profitable for your borrower and safe for you?

Since you missed the 2 out of 5 rule, capital gains taxes might take a chunk of your profits, so consulting a CPA would be smart to understand how much you’d actually keep.

Or any amount of cash you take out from the exchange are considered to be profit. 

As you start closing deals, you will need to reinvest your profits into mailing lists and other scalable activities to grow your business.

@Jay Hinrichs exactly the risk is even more than traditional development and the profit is actually less with more operational headaches.

A sage person who responds often on this forum said, "Airbnb insurance is a profit center for them".