You definitely can't just buy a building low down, do no work to it and keep old rents and expect to profit. 

Stationed there almost three years, sold with profit and tax break for how long we lived in the house.

Looking for a creative way to either turn my current property into a rental or a flip or any other way to make a profit. 

Make sure both parties fully understand and agree on:How profits/losses will be split Who is responsible for what (e.g., repairs, management, communication with the seller).Exit strategies in case things don’t go as planned.When you do find the right partner make sure to create a joint venture agreement that outlines all of this clearly.

In this case however, since I'm raising debt, my profit comes from the deals.

Lower costs mean better profits and fewer financing headaches, plus taxes and expenses are much lower than in places like Florida and NYC.

Do you want a company that will keep the long-range investment objectives in mind or one that focuses on today and today's profit alone?     

@Edreco AmosMiami’s market can be tricky for cash flow since condo fees and insurance costs can eat into your profits, especially with newer buildings or those near the water.

the insurance companies are not charities; they deserve to make reasonable profit for providing the insurance.  

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