What are some other services in Real Estate that I could offer that are profitable.

@Tim Schroeder also gives great advice to not get too caught up in purchase price and monthly net profit, but overall COC return.

ALSO- The property I am looking at looks like it could generate about $80k profit for the LLC... would that be legal?

I've heard in some states it can take years to get approval for such renewal resource farms, so what are the hard limits I'm looking at to make it profitable?

There's nothing like appreciation to trash a perfectly good cash return.Might be time to consider selling into a 1031 exchange to shield the profits from capital gains taxes and avoid depreciation recapture.

Is it based on my mortgage plus profit for taking the risk?

Each new property I buy has fewer problems and more profit. 

@Mario Martini What a great name:) , need more info to be of any help, generally turning basement into living s.f. is profitable(with permits) and can return around 65% of your main floor per square foot price.

Say your property shows a $5,000 annual profit on paper, once you consider the write-offs like depreciation, mortgage interest, property tax, etc, what kind of tax bill should you expect?

@Theresy Williams anything you find that we can buy I'm happy to JV the profit with you.