If not, I wouldnt have an issue hiring one, so as long as Im not operating at a loss (of course).However the reality, so I have been told, is that it would take a long time to make any real equity or other profit from a rental unit, and thus, would make it hard to purchase additional property in the short term future.

That said be cautious and do not jump into a deal unless your certain that you will profit.

I need this to be profitable enough to sell to another investor and quickly.

For a $60,000 profit, I would hope to sell the contract for $20,000.

To maximize their PROFITS.

If you are getting the property at below market value, the bank shouldn't have a problem with you selling for a profit based on the appraisal.

I just saw a show last night on the Home and Garden Television channel where they were showing the process of buying a home, fixing and selling it for a profit.

With a possible $600,000 profit, I'm stuck.

The only way for me is now research on the internet or call my relatives and friends that lives in those states but yet alot of times they dont live in the specific area which I think might be profitable.

This is our first venture into real estate financing, so while we both are skilled with our hands, we decided to make some profit for ourselves.