Total sale price less all expenses paid for that property, including purchase price, is your profit.  

Additionally, the structure for these porches is commonly undersized and may need repair work including but not limited to sistering joists and providing steel angle brackets at the notched beam to column connections.

When I sell commercial multifamily, about 50% of the time my buyer pays me directly and about 50% of the time we include in our offer that the seller pays my fee.

The more you use this Forum, the quicker you'll find what information to include in your posts.

If you are already using QuickBooks, it should be fairly simple to include both the expenses paid by you directly and those paid by the PM.

This sector caters to a wide array of tenants, including traveling professionals, students, and individuals in transition, offering them the flexibility and comfort of a home away from home.

However, it is crucial to conduct a thorough analysis of all expenses, including property management fees, repairs, and vacancies, to ensure the investment aligns with financial goals and risk tolerance.

I am a brand new investor.

(including contractors, cleaners, etc)2. do 100 hours of material participation and that time is more then anyone else.

New construction offers a unique blend of potential high returns and control over the investment, making it an attractive option for those looking to diversify their portfolios.The Advantages of New Construction InvestmentCustomization and Control: New construction projects offer investors the chance to tailor properties to meet current market demands, ensuring higher occupancy rates and returns.Energy Efficiency and Sustainability: Modern constructions come with the latest in energy-saving technologies and sustainable materials, appealing to a growing eco-conscious tenant base.Lower Maintenance Costs: With everything brand new, the initial years following a new construction project see significantly lower maintenance costs compared to older properties.Tax Incentives: Many regions offer tax benefits for new construction projects, especially those that meet certain environmental or economic development criteria.How to Approach New Construction InvestmentEmulating Buffett's investment strategy involves careful market research, understanding local real estate dynamics, and potentially partnering with experienced developers.