Hi,If you bought a house for $500k with a 5% down at 4% principle + interest.5 years later that house is now worth $600k.You sell the house.How much is your profit?

What you don't want to do is run such tight margins that your only hope for reasonable profit it to squeeze it out of the contractor.  

How are they doing this in Brooklyn?

Right, I figured there were expensive SaaS solutions for larger real estate entities.

You can however, do a per project profit sharing but in NO WAY you need or even WANT to partner with them.

I can't tell from your post, but if you are just speaking of multifamily meaning a duplex or triplex to house hack to pay your mortgage, then I would focus on where you can get a good professional job first, then look in that market for a place where the numbers work to house hack.If you are looking at larger multifamily in Memphis, then try to talk to @Erik Nowacki who moved from CA to Memphis to own and manage multifamily.

I want to verify it would be profitable before we look into doing it.Thank you in advance for your advice.

The mobile home niche is fun and can be quite profitable.

Say your show $10k of RE losses in 2017 and then $15k of RE profits in 2018.

What Market Are You In : DallasHow Long Have You been Sending Mail : About 1 yrHow Many Pieces per Month: 2,000Yellow Letter/Postcard/Other: Similar to a letterList Criteria: Driving for Dollars List / Absentee over 40 w/50% equityList Source: List SourceDeals per Month from DM: .33Average Gross Profit per Deal : $12,500Thanks Everyone!!!