A family friend is financing a twin home building project and will receive a percent of the profits when the homes sell.

You can walk away after all selling fees with a nice profit, but I would not sell it right now.

Ideally I would like to use the profit to pay off some of my principal on current primary residence mortgage and use the rest for investing in a townhome that I can rent out...Thank you for your inputs!

Buuut, there has to be a set of criteria that make this setup a reasonable/profitable situation.

I am already way over budget and the bid number could eat all if not most of my profit at this point. 

I will promise the owners $1000 a month for 5 years and have permission to sub-lease and am keeping whatever profit I can make (say if rented for $1500). 

I slowly transitioned to hire more things out as I discovered saving 500 dollars here and their but taking 4 months rather than 1 month to turn a property around was actually costing me money and was time consuming with a full time job and as I got more rentals just the small things that come up with them.

Then save the difference so that you can buy when you are living in a different market with better returns later or when you have researched another market well enough that you can buy a rental out of state and make a profit.

Thank you everyone @Dmitry Formichencko , Paul, Allen, Ty, Derek and every onesI have retirement account Called prof it sharing.

I don't think the tenant is in the property anymore, but I'm in need of an urgent transition.