if i have a 7 year sandwich lease with a home owner and i do a 2 year lease option with a tenant, after the 2 years is up and they choose to buy the house. when i get the money can i immediately pay the home owner off and keep the profits or do i have to wait until the 7 year lease is up to pay off the house?

Well here are few that I can think of:- You are an Accountant - who views the reports once a year to do taxes (That is it)- You are a Bookkeeper - you want to do the data entry because it does not make you money- You are a DIY QuickBooks user - who will surf the internet and YouTube for answers and not have the full process, procedure, and solution- You are a CFO - review your financials every day or week, depending on your business goalsNow let's get into the nitty-gritty:- You as a business owner should look at your reports by each property and unit- You should compare your Profit and Loss by:----- Month----- Quarter----- Year----- Previous Year Comparison----- By % of your Income ----- and the list goes onNow about your Equity - view your Balance Sheet and see the difference from previous year how much money you paid and received by improvements and loan, the personal money you invested and more...If you are looking at keeping the books for tax purposes and IRS, as well as use paper and pencil.

From a business perspective it’s very simple, raise the rent to market value / increase profit.

Money in minus money out for bills = profit.

I really hope this turns out into a great profitable deal for you.

But everything I've seen seems priced where once it's purchased and renovated there is little room if any for profit.

Too many other ways to make more money safely.Go into real estate investing to be profitable, with low risk, having fun.

Look into the Profit First system.

I recently sold my first "for sale by owner" and enjoyed the work so much that I am in the process of pursuing my real estate license.

I know Flippers make profit upfront and rental makes profit throughout.