I do not want to sell because my profits after closing costs will be about $15K.

But to be successful and profitable, takes some distinct characteristics:1.

Because your second year is likely (oops, I did it again) to show a net profit instead of net loss.

Also measure the profit per door and fix or sell the dogs.

There are several hurdles during the process:Find the deal - Unless you are marketing or plugged into a community where there are opportunities, it isn't always easy to find the right dealsEvaluate the deal - Without professional guidance and research tools, it is difficult for a newbie investor to evaluate and ARV/FMV or create an adequate rehab budgetSecondary exit strategies - If things don't go as planned are their other opportunities to exit profitably.

It's not just the taxes, but being able to at-a-glance look at expenses by the month and year, profit and loss calculating automatically, and even cash flow by property and total portfolio by month and year.Thanks for suggesting it!

With DSTs you need to make sure that the various fees don’t negate your profits.

Often times you will pay much more in taxes than if you pulled the money out, paid the taxes and penalty and then started investing in real estate.For example, with the financing you mentioned, the IRA must pay taxes on the portion of the profit earned by financing. 

Send me an email or a message here and I can offer some tips I use to maximize profits in FL.  

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