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+

After analyzing the deal, I knew my HM costs would end up being 5-7K, but it was a $15-20K total profit. 

This can really eat into your profits -- perceived or otherwise.In our area we are about 50/50 between VRBO and Airbnb. 

If you decide to use flips via a JV to generate revenues: After each flip, you need to split the profits with your JV partner(s), then you need to pay taxes on the profits based on your tax bracket and income.

Converting multi unit properties in condos has been a very profitable business in DC area.

I am now looking into buying my 2nd property and want to start transitioning into self management.What is your guys, personal favorite all in one management software?

Maybe his rent is higher and Tina makes a profit.

And 5% + interest starts to really cut into the profits.