Even if the property were to sell it $180,000 that's a lot of risk for 30 K of profit.

For tax purposes, the profit is calculated as the sale price minus the cost basis (purchase price + renovations + transaction costs).

As I've experienced in my own career, selecting a broker with a proven history of successful transactions ensures a smoother and more profitable sale.

It has been a great an profitable ride. 

If this is a $400k home, you have to make a lot more than $20k/yr in profit/cashflow.  

Why I would agree, it would be ideal to start one ourself but to be profitable at PM it seems to be a numbers game.

High occupancy rates can indicate a profitable rental market.Seasonality: Analyze seasonal trends to understand peak times and adjust your pricing strategy accordingly.3.

We have a buyer for the property and now it has been discovered that the corporation paperwork was submitted to the state as a charitable contribution even though we are listed as a not for profit organization and have been listed this way for well over 40 years.

Of course markets change and the chances of a profitable flip have changed as well.

If you can buy something habitable, and rehab it over time while you live there, that could be a home run of an investment when you look at your return on investment, especially if you house hack.Sure you may leave cash in the deal, but if you buy right, it could still be an extremely profitable and low-barrier to entry way to get into real estate.