Purchase price: $55,000 Cash invested: $60,000 Sale price: $245,000 Property is on the market right now.

You'll only pay tax on that amount. 

It's difficult to predict the direction of medium—to long-term mortgage rates, (I feel we will be seeing more inflation over the next few years), so the fixed-rate mortgage is recommended.  

Would I achieve this if I transfer the property to an llc after buying it?

How did you find this deal and how did you negotiate it?

Fewer variables make the deals easier to analyze and more predictable. 

What made you interested in investing in this type of deal?

As @Greg Scott mentioned, this is on the low end of deals like this and remember nothing is promised (check you docs on that).I own SFR homes that have far exceeded 10% returns due to their appreciation over the past 10 years or so.

I know they're a large wholesaler on the east coast, I'm in Atlanta, GA.

I'm really excited to be part of this group and learn from all of you.My mentor always said If you want to fly, hang out with eagles, not turkeys.I'm here to learn, network, and start building my own investment portfolio.