People don't buy a restaurant without knowing the profit and losses!!

However, the majority of the responses are for properties that are owned as rentals and in most cases occupied with a lease still remaining.  

Hi LarryI'd say making $25k+ and $60k + profit on each the day of closing on  appreciating beautiful turnkey properties, one with tenant in place..the other is rent ready...is amazing.

Esentially it would be a small scale REIT, so instead of having to put down $50k on a loan myself, I get 10 friends/peers to put down $5k each and make the same purchase.Obviously there are legal ramifications for doing such a thing such as properly dispersing profits, etc, but is this something people do?

If not,go to the wholesaler and tell them you have a strongly interested buyer and you want a finders fee for the sale.10 to 15% of the wholesalers profit is fair.Unless you used your resources and information supplied by your brokerage (MLS,advertising from brokerage,etc), I would keep it under raps.If they didn't help make the deal happen,why pay them for nothing?

That includes any profit from the rents, as well as funneling any income I have available from my day job into debts.I am very motivated to keep rolling and get started on the next one soon, but it's seeming a bit difficult when I look at the facts. 

Small collections can be ok especially medical or student debt.If someone has had a major credit issue like bankruptcy or foreclosure just make sure there is a plausible story.

When we get in, the hole in the roof ruined all the ceilings and its so far gone we can't fix & flip and make any profits, as we won't make any money putting $50k into it, so we are doing a rental rehab, keeping pink tile and green toilet, putting in a renter, and will sell it as a loaded rental after that to an investor as a turn-key property. 

It's quick and simple profit.

There are many people willing to Joint Venture on a project that may be willing to partner with you and provide the cash for a percentage of the profit.