Rentals also build equity through tenant payments and appreciation, with profits taxed at lower long-term capital gains rates when sold.

I knew these units needed a renovation and I am excited to get them rehabbed and get more juice to squeeze from them.The one I am currently doing will profit me another 200-225/m moreThe one that is vacant the 31st of this month will profit 400-450/m more which is no small amount. 

I could have gotten to profitability in a fraction of the time without those unnecessary expenses. 

My understanding is profit from lending is considered "taxable income" and is therefore added to your income and subject to your normal tax rate after all deductions, etc.

What would a fair cut of the profits be?

A mortgage lender can help determine if refinancing or tapping into equity might allow you to acquire additional properties.Consider a 1031 Exchange: If you're open to selling a current property, a 1031 exchange can defer capital gains taxes while enabling you to upgrade to a larger or more profitable asset.

Average profit on a trailer park is between 10-15 percent .

I know for our portal in Buildium owners can log in and run different reports like income statements, profit and loss, general ledger, etc.

But then again, no one ever went broke paying tax on profit. 

They are highly motivated to produce profit, and our interests are fully aligned.