You can really pick where you want to be on the "comfortability to profitability" scale here where I felt like those options in most markets were limited. 3) it's a great place to live all-around.

Perhaps you can barter that for experience and, perhaps, a taste of the profits and then, later when you're capitalized, do what you're suggesting but now with experience and skin in the game.

For me, it's about practicing Cooperative Group Economics: It's not about me maximizing my profit, by rather about me maximizing the benefit to my community.

Take a look a look at the RPAWi. org, which is our local non-profit landlord association located in Milwaukee.

Always formalize the agreement in writing to define costs, profits, and contingencies clearly.Let me know if you need help structuring the deal or exploring funding options.Best,Drago

I had taken the entire profits from this flip and I reinvested it 30m away from where this contractor lived (DFW) where I myself, live in Wisconsin.

I'd focus on getting that more profitable than learning something new out of state.

Ask anyone who ever sold a business, even with great cash flow, it's not that easy to sell for a profit. 

So there is no discount or profit to be made. 

I also do consulting from time to time to share how leverage and build a profitable holding company or fix/flip entity.