Logically, we should each pay half the mortgage ($1050/mo), utilities, etc and then split the profit after the TH is sold.

So, you can see that on a sq ft basis, units are sky high, which is the basis for the developer fees or profits.

It was a profit cow!

So like others have said - do your numbers - make sure they are accurate, and if a deal looks profitable - go for it.

Add back the tax benefits from starting up my own business and I'm showing a small profit (ROI, not including any appreciation, is around 3%).

So who's tried this, and with what results/problems/profits?

Splitting the profits down the middle.

Have you had any luck outsourcing your leads to Realtors for a profit?

You can pick up a triplex and get some cash flow, while rehabbing another building - use those profits to pick up another rental for more cash flow, and so on and so forth.

My initial investments when i was 16 were sold off when i was 20, this is of course short term/risky investment strategy, but those profits helped me get by when I first bought my house. we rented it out within 3 months of buying. money was tight at first.... until that rental income started flowing... so the sell of those stocks helped cusion the blow a little, and then helped upgrade a lot of the house after renter moved out (and we moved back in).basicaly traded a $1500 investment when i was 16 for about $40-50k in equity now at 22.