When that same building is sold for a $2M profit 5-10 years from now, you receive a check for $100,000 (5% x $2M).In a 10-year time period, 1 big deal can produce a $170,000 profit with NO money invested, no management or time involvement so no weekends away from your family...and minimal stress.What if over that same 10 year period,  you've found just one BIG deal a year.

If you really pushed, and had someone that could do the phase 1 quick, I would say 15 - 20 days.Strictly on the financing side, it only takes a few days to produce the owner financing papers.

The hope is that it produces a repeatable process with built in relationships that will allow to buy rehab and refinance quicker and with better quality with little to no labor cost. 

However, wholesaling is appealing for the quick profits it produces.

I only seek investment opportunities that fit within my objectives in terms of being single family, margins, scope of work to produce return and etc.

I only seek investment opportunities that fit within my objectives in terms of being single family, margins, scope of work to produce return and etc.How did you find this deal and how did you negotiate it?

(I have software that downloads Texts and Voicemails and was able to produce the evidence).My best threat was:"Grab your gun and I'll meet you out in the desert.

I've been busy working on securing taxes and finding innovative and legal methods for the savvy real estate investor. 

With up to a few (or even several) properties, if you're organized and file everything and if you can tabulate everything to produce a Profit & Loss statement, that's all you really need to file your taxes.

Last but least, just to give you an example of the difference between residential and commercial: residential is valued on comps in the area while commercial is valued based on the NOI it produces.