@Jason DiClemente originally, the main goal was to get our original investment, re-invested profits and any additional cash out so we could continue to buy.

Lucky for you, the greater Puget Sound market is only getting hotter as Seattle prices people out of the city, so if you sell now you'll likely make a pretty good profit.

You say the market’s hot, what about considering:1 taking the bank’s option to Convert to a 30 year fixed term, with maybe piti of $500/ monthly (See if they will lend you 75% of the appraised value OR use the purchase price Plus a detailed list of your costs and repairs) , and then2 selling on contract or lease option at full market price+, ie $119,000 possibly on terms.Look for 10% or more down and finance them as long as your loan is for.This would recoup your initial investment, $12,000+ and costs plus profits And give you passive income of what $200-250+ net monthly?

But the numbers made sense and we really felt if we did some great work (and add our first pool ever), we'd get what we need to make a profit and have a great portfolio property going forward.As many of you know, I've had a VERY stressful project over in the Jefferson Park HPOZ neighborhood, so this kept us busy while that one has been on hold. 

If you need a loan that certainly adds to closing due to all the  hoops the bank requires you to jump through 700 rent is not bad for a 37,000$ house .that is not a bad deal if the place doesn’t need a bunch of work ,but if you pay a property manager that is going to really burden your profit down .

What’s profit potential?

yes i have the downpayment, the bank requires a 25-30% down i was thinking about using the loan for a flip i found a property for 65k it needs about 25k in repairs and houses in that area sell for $150-180k and some for even 220k with similar square footage im thinking to grab it fix it uo and worst case  scenario sell it for $125k thats $35k profit im assuming $25k in repairs bc the contractor said about $15-$20k and u never know if something pops out

I am considering selling my condo early next year and was wondering how I could net the most profit off of my equity when I sell it?

personally I like 100%$800 - $1100  a door in the pocket profit feels pretty nice 

Traditional landlording is the least profitable and riskiest way to hold property.