Which means that until it's used for trade/bargaining, the stack of green paper or the numbers on your bank statement are not really money, they are just objects with absolutely no intrinsic value.If you look at it from that angle, money isn't made when you buy or sell...it's made when you take the currency from the sale and spend it on something else.Again, that would be the ultra literal view, assuming your definition of money has to do with value and not just objects with no intrinsic value.

Excellent customer service to be there when they need you is important but also while your there to demand units are kept in good shape. your best bet in this objective is close scrutiny when you fill vacancy.

I've read a lot of marketing books and they always seem to harp on this principle.

I have no objection to footing part of the bill to get over the hump.

What are your investing objectives that you're trying to accomplish?

Any objections to this?

At a later date when you pull funds out your taxed on gains and not on principle you put in that has already been taxed but get a Tax professional to talk to you about details since I am no tax professional!

The key is that the owner is the principle in the transaction and is not "selling for a third party" which would require the license.

Curious to know if I totally screwed anything up in this basic calculation.Purchase plus rehab = 125KRent15600 (1300/mo)Tax1350Insurance800Mortgage5400 (450/mo for most of purchase price)Repairs600 (I'm a handyman and will be servicing the property)Utils480 Gross Profit6970/125K = 5.5%Taxes paidRent Income15600DeductiblesTax 1350Insurance 800Mortgage Interest3636 (1764 principle)Repairs 600Utils 480Taxable Rent8734.25% tax rate2184 taxGross profit6970Net profit 4786 (399/mo) = 3.8%I am also wondering if the principle portion of the 450 mortgage payment is considered profit, which would change the net profit calc to this:Plus Principle (1764)6550 (546/mo) = 5.2%Thank you in advance.

Also, be real clear about what you long-term objectives are with investing.