Gross profit is interesting because it appears to just be the difference in his acquisition and sales price and fails to take into account the other obvious cost of running that business which includes, again according to him, the cost of over 26,000 letter print, mail, post, and the cost of the lists needed to create a mailer of that size. 

I have 30+ units and on a regular month usually only spend about 5 hours total on management things, most of which involves collecting rents and bookkeeping.

@O Samuel AdekolujoHate to state the obvious, but your approach isn't working.Where is the problem, is the question:1) Your assumptions?

that is totally unrealistic return.. your going to blow your 15k and be very dissappointed why would they give you 50k profit deals just to sell you a 15k course.. ??? 

When house hacking a duplex, start by estimating the total monthly rent you can earn from the unit you’ll rent out.

Use a payment processor to pay the original note and any wrap if there is a 2nd position secondary note that pays the seller the difference between their current mortgage and the total sale value. 

while I totally understand the frustration especially purchasing what was supposed to be a new and ready to go asset, but these things are pretty common so don't feel to discouraged. 

Obviously some potential issues with the lender, but how often do these deals really happen?  

Now I am totally confused!  

can totally enhance a working relationship.