Mindful of the fact that I'd like a way to generate income to reinvest and grow and I don't know anything about buying and selling REO, notes, tax-liens, and all the other seemingly 'quick-turn profit niches out there , is Multi-Family smart to start with?

Best wishes for a profitable future.

As some of you know, I closed one last Jan 2018 for 25% profit.

It may be profitable to build and rent versus buy and deal with rehabbing. 

Our motive with them is not profit but the income on lot rent and equity gains on occupancy gains ( though not gained a sale or refi  - at this point to early to see if we would want to refi ) 

I am not an expert in wholesaling but I know there are a couple of different ways to go about it and a couple ways to profit.

Just because the seller is making a substantial profit, doesn't mean it's wrong. 

I would like an experienced investor to walk me through this deal always open to profit sharing.

However I realize that in these markets, profit per unit is so minimal that even a short vacancy can turn into a negative cashflow situation.Here is an example, please let me know if I am missing something;Assumptions:  Purchase price: $100k. 

I have found that there’s not really any profit left if you hire a full-service builder.