As a graduate of the University of South Alabama, she values the importance of supporting her community by serving on several local non-profit boards.

And stepping outside that box is a risky thing these days.So you'll need to watch out for that as well as the extra level of protections necessary to secure the property for you and either provide a profit incentive to the unrelated party or protect them from a taxable event.

They can be good and the area can be profitable.

What you should be careful is the consistency of your bookkeeping whether you book in accrual basis or cash basis otherwise your accountant will be confused when he or she reviews your book at the end of year at filing your tax return.If you are familiar with accrual basis accounting, maybe it is a good idea to book it accordingly because accrual basis is better to monitor the performance which is profit and loss of your business monthly.

The profits flow through to your personal taxes anyway....not sure what the benefit would be.....curious to find out differently though. 

Even if it sold for 10% more in two years that would only be 10k of profit.

Some basic tips can keep you on the profitable path.

Thanks to all of you ...I currently use a rental company but was curious as to what of those who do their own rental and hassle with cleaning and maintenance between customer stays did.I pay 20% and my HOA is $750/ month..making it hard to make a profit

They say profit is made when you buy, but the reality is that profit is realized through good management.

I am ideally wanting to make a net profit of 10% annually.