Overall, it's been pretty profitable.

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

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

You guys could also use the media to let tenants know California landlords are organizing a database of non-payers with no landlord provided written evidence of hardship to help everyone screen future tenants...and do it.

Everything is nicely organized and labeled.

Ownership and profit-sharing can be split based on contributions, with you possibly earning equity through sweat equity.

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

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.

The ability to find a good sales price under $200K with low taxes and affordable insurance is getting harder to find but in Oh & IN its still easy.Inventory is strong and the rents are above normal so even though your under $200K you can still earn a good profit.

You might be able make your own listing & keep profit while the owner has the license.