Here are the numbers that we were working with:Purchase price - $77,500Interest Rate - 5.25%Month mortgage, taxes, and insurance - $579Monthly Rent - $1,000Monthly profit - $421The house is in good condition.

Turnkey can be great when you are investing OOS and need a good start.Try looking at:The Best Types of Markets for Profitable Turnkey PropertiesandWhat to Ask When Working With a Turnkey Provider

at this point who cares  unless you think they are competing against you and you only went into contract to try to flip the contract for a profit...

Is the loan due if I transition out prior to the loan being paid off?

Home office deduction is only currently deductible if you are showing a net profit.

Hope 2017 was very profitable for everyone and 2018 even more so!

As an example, the first hard money flip I did, the total profit was about 18K on about $115K total investment. 

We typically give 70% to 80% of the cash flow, tax benefits, & profit to them.

He told me that he expects to have a profit of 30k from this, his first flip.How awesome is that!

I am looking into first creating a non-profit for purposes of acquiring, rehabbing distressed housing; then renting out rooms to seniors/55+