I'm a local business owner of a company that I turned profitable after the first year running it (the family biz).

All of the major components can be and are outsourced or spec'ed out to 3rd party OEM's. 

My goal is to profit off these rental property and reinvest.

It’s also scalable, meaning you can have a group of you doing it and split the profits.

Paying 10% to a PM company makes it pretty hard to turn a profit.

Often in partnerships you may have different agendas like one wanting a quick profit and the other wanting the tax advantages of a long term buy and hold.

Anyway, with a HML first and a 20% 2nd Gap funding the holding costs may eat up your profit if you don't turn that property fast.

So finding motivated seller leads give the seller or owner a way out of their bad situation, i.e. debt, and allows a buyer to take them out of the situation simultaneously finding ways to lower debt or raise value of the house to make a profit..

If you want to buy deals with no profit call me.

I've tried convincing my wife to do Airbnb, to offset the $15-$25k annually that we would be paying for the condo, but she wants this place to be solely our home.Looking for any creative ideas from this community.. its hard for me to justify paying that much unless we're actually living there for a majority of the year