(Maybe the seller has a great interest rate, but you would have to pay twice that amount which wouldn't be profitable.)11) Crime in the neighborhood. 12) High turnover in tenants (raising your expenses.)

Overall, managing an apartment with Section 8 tenants can be super rewarding, but it takes careful planning to keep things running smoothly and profitable.

I believe many believe they can assemble a team of realtor, contractor, property manager and lender and become profitable.

If you are consistent with these action items you will avoid most claims, your business will be more profitable,  operate more efficiently and if a claim were to arise you will have all your ducks in a row. 

The profit made all the challenges worth it and reaffirmed my passion for flipping houses.

The profit made all the challenges worth it and reaffirmed my passion for flipping houses.

The general rule is: to anybody who was paid by you for services (work) or who received a profit distribution from you – if he received from you a total of at least $600 total during 2023.

That's not a profit producing activity for a Broker / Property Manager as 99% are tire kickers and the ones who will buy will buy without going on a date with you. 

I am based in Sacramento, California looking to start and pursue a career in real estate!

Whatever money they make off of securitization from the borrowers note is pure profit.