Generating gross operating income $190,000 with $80,000 expenses leaving $110,000 after taxes and interest left with $60,000 profit in the pocket.The way I am structuring the deal is that If the investor puts up $300,000 they will have 85% ($50,000) of the profit and being that I will be doing the day to day managing of the deal 15%($10,000) per year. 

Assuming your land is as-of-right or approved for the project you are going to develop, you will then need to think about construction costs, soft costs, and financing costs, revenue your project will generate and compare that to the market.

In a small rural town, for $80K.I am looking for revenue generating ideas.Thanks!

@Jane Dunn Just think, in 30 years you will be 85, and you could have a few paid off homes, generating income and creating wealth for you if you do this now.  

The value add could be a mismanaged property, a property plagued by vacancy (marketing deficiency) a property that can be broken down into smaller units hence growing NOI, etc.A move in this direction would serve multiple purposes:a) Buy a deal you could generate greater NOI than a similar 'straight' leased investment.b) Allow you to gain some experience managing and marketing CRE space.c) Provide you with a track record in commercial which conventional CRE lenders look towards when loaning on CRE.

We did get a new-in-box big screen TV (50", but about 15 years old), a new water heater, some tools, a couple 8mm video cameras from the 1960s and other random stuff.  

-Wholesaling has me curious due to its ability to generate capital for future deals, but I wonder about its effectiveness in the LA market (it's crazy out here to find a deal).

(yes, Josh, like Brandon I say awesome, too, but I'm older and my generation invented it so it's okay. lol)I was pleasantly surprised that 1) I wasn't the only newbie who showed up.  

I would like to make savy investments and over a long period of time eventually generate enough income to live off my investments (make at least 50-60k a year) with 300k capital and no current income. 

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