Non profit organizations sometimes need large homes for their voluteers or temp staff.

@Michael Lauther & @James Vermillion I am rather cheap by nature so I don't want to give away 8-11% of my profit margin for someone to manage rentals that have had long term renters in them.

I'm always looking on the MLS and don't see houses low enough to flip and make a profit.

Do not forget to take into account vacancy which can eat a profit margin.But if after sound research you find that it really is going to net you $800/month, then I would recommend adding a few of these properties to your SFR portfolio.

But when you buy a note and then in a timely manner sell it and profit from it, you then appear to be in the business of dealing in notes, license required.

And your profit....?

You may be able to sell it, as-is, and still have a profit.

Leases are hard to break and not very profitable. 3.

I think I can make a great deal with him that I can profit on but I'm afraid he's asking for too much.What do you think?

It sounded like very profitable business.