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

I would provide the capital and otherwise stay passive, but hopefully grab better profits than private lending?

Most of the homes we built on these lots sold at a profit, but a couple did not, again, because of the reasons above. 

And I am betting the headaches is why seller is so motivated and is flashing that $ and hyping it up like it's so profitable, yeah come on do it, it's so great..... it's so great they are chomping at the bit to get out from under it. 

It's a long-term learning process, but an interesting and often profitable journey - best of luck to you!

This is a property has been in the family a long time and I'll be holding onto long term as it turns a good profit.

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. 

. :)  these are not credit score loans ( I mean I have a credit score) but thats just a formality its all about capital and relationships with your bankers and deposit relationships thats key as well.Yes your relationships with sub contractors will be a huge factor in profitability, both direct and indirect. 

Net profit could dip to $20k-$40k, which is tight for this scale of project.Consider adjusting your reno budget or negotiating the purchase price.

What is the minimum amount of profitability acceptable at a $60 million loan volume4.