But I bet if you could work "Not Legal In Tennessee!"

But it just so happens there is an EA here: me :)Your best bet is long term capital gains.

From there, I will calculate my holding costs.

Get a contract and buy a pen and a finance calculator.

Welcome to BiggerPockets Blake...you will be doing a lot more reading on BP I bet (remember to give your eyes a break every hour or so)!

If the numbers are right that could be a great flip or an easy wholesale.Regarding finding contractors - as others have said referrals are your best bet.

I bet you’re not crazy about this one anymore than your partner would be about managing for free.3)Understand that you should have agreed upon a management fee structure up front and accept you’re partner’s terms as those you would likely have agreed upon anyway.

Is the commission not a factor in calculating the maximum offer price?

Typically when a manager takes on capital, from the day it is received by the manager, the return is calculated against that time.

From the quick calculations I just did, which don't come close to the diligence paid by Bill, It would take you 76ish months to recoup your initial investment with the 80/20 rental.Renting at 1500 per month less the $375, your cut is 20.9%, which gives you a gross monthly cash flow of $235.12.