I currently have $150K equity in my current home and $300K cash on hand.

(We agreed on a purchase price of $40k).

I tried searching on BP first.

I am having trouble finding distressed properties with enough "meat on the bones" to make enough money on the deal.  

I can check it out and give you some feedback on how to bring occupancy rate or ADR up or if the move would be to go a different direction based on the data. 

.($1,000,000 - $25,000 = $975,000)As a seller you probably have a listing agent to pay too on top of your transfer taxes, closing costs, etc, so the net is less than that obviously, but we are just focusing on the buyer agent compensation piece of it right now for easy numbers!

I have had a fair amount of recent success because I offer a pretty high rate of 11% secured by note and deed of trust on my houses in va and nc  but want to hear other peoples success stories besides local meetups.

Almost like trying to bet on the next Amazon.

You are on your way to having a nice portfolio :)

I wanted to prove to myself that I could complete a project on my own.