This will be an all cash sale.We have a question about this transaction:1.)

Also, if you happen to have hundreds of thousands of dollars in cash then there might be some other options. 

Since the start of the year, I've read a handful of BP books:- Rental Property Investing (Brandon Turner)- How to Invest in Real Estate (Brandon Turner/Josh Dorkin)- Investing in Real Estate with No (and Low) Money Down (Brandon Turner)- BRRRR (David Greene)- Multifamily Millionaire Volume 1 (Brandon Turner/Brian Murray)- Start with Strategy (Dave Meyer), currently readingI was thinking of using the equity to BRRRR small multifamily properties and combine some concepts from both the BRRRR and Multifamily Millionaire books (specifically making cash offers via HELOC to secure distressed properties, ideally vacant to set market rents).

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Purchase price: $230,000 Cash invested: $50,000 Duplex next to another duplex I own.

Purchase price: $620,000 Cash invested: $60,000 This investment is a duplex with a 3/2 on the bottom and 1/1 on top.

I also love it here.It will cost $100,000 and we will finance half with a personal loan @ 7% for 3 years.So im putting 50,000 in cash and I expect to earn about $2,000/month.

Based on a CASH sale price we would have received $1,625,000 as a cash sale, less the $615,000 note payoff, or $1,010, 000 CASH,  By CREATING the wrap note, we received $412,000 Cash and the note.  

It's cash flowing really well and I'm hoping to continue doing MTR.

Where I lack understanding is at what point do you start making money for example you buy a duplex lets say it was 300k the monthly mortgage is 2,500 each renter pays 1,500 thatd 500 cash flow which is I guess “profit “ but as the landlord you're responsible for major repairs such as but not limited to roofs, plumbing issues, electrical issues that all can be expensive you would have to have money saved so that 500 cash flow is profit but wouldnt it just have to sit in a bank account?