Once at the auction theres no margin. 

We have about $160,000 in profit from that sale.  

Hi, I am looking to convert my television studio in Hell's Kitchen into a Self Storage Facility. I have been fielding offers for almost a year now and need to know how much revenue a 50,000 sq/ft self-storage facility...

Am I blowing my profits by buying a turnkey?

Equity investors put up 80-90% of the total capital and get 50% of the total profit.

You have to have the ability to be flexible with your plans and adjust when needed to accommodate a renter, if you want to be able to claim expenses  and show you are intending to make a profit

Currently the rent barely breaks even but the price has appreciated quite a bit.Should I have the condo sold today, I would have about $260k on hand ($180k down pay + $80k profit after exp.)After listening to some podcasts and doing research, I decide my main goal is to buy and hold for the passive cash flow.

Another thing that is pretty typical about banks is their 20 to 25% down payment.One other thing that I forgot to mention was that the multi-millionaire can only borrow from a Bank is 4.5% and that he plans on profiting 150 million this year. 

*****************************************************************************Here are a few things to think about:- The headline is speaking about income, sounds like profit, but is actually revenue.

My# 1 rule for investing" You can never lose money by taking a profit!"