Hi! I'm a new real estate investor, I currently own a rental property that I purchased last year. It cost around $185K, and as a vacation rental it generates $60K gross per year on sites like Airbnb. Since I considere...

When they forget to include any holding costs, closing costs, etc into the "potential profit" number, again, shows lack of experience.I don't know your area, but the bar is not set very high for being a good wholesaler from what I have seen.

In Chicago that's what people are accustomed to and glad to pay it, so no need to update unless you're doing a full gut rehab in a neighborhood that has transitioned to B+/A.

How would you handle the transition of VRBO rentals being managed by the seller?

The deal is we will split the investment and profit, however I'll be responsible for all the paper work.

He has no money in the deal and we will be splitting any profit.  

I have a great mentor who I served with in the military who has ventured into wholesaling and who has been profitable. 

As a landlord, I recently received a Request for Proposal ("RFP") from a non-profit that is seeking office space. 

As for historic data you can upload that into Quickbooks so you don’t lose it and it will give you the ability to track year over year profit.

@Logan Jorns , if you're making fairly low profit, then no it isn't worth it.