GP's receive fees (acquisition fee and asset management fee) + some "sweat equity".Lot more that goes into it, but that's high level.I've syndicated 10 deals so far, I love the model!

I'm sure your income would be higher renting by the room vs renting the whole home, but as long as there are comps to support a value high enough for a DSCR ratio of 1.00+, you should be in the clear.

Do not be transactional thinking you need to make a high commission on every deal, understand that the real money is in the long term relationship.

@Tiffany Tan I would highly recommend hiring a CPA.

I am a 18 year old in my last year of high school, for the past couple of months I've been gaining knowledge on whole sale real estate and I also have been taking a couple of the first steps to begin my career with wholesaling.

There has been a lull since January 2023 to nowI think some NAR group researched that the Jacksonville Market had no growth / small negative growth in 2023.That is expected given the high growth in Jacksonville from the prior 10 years.I think the first 1/2 of 2024 will continue to be flat / negative.

However, if you're looking for payment reliability, I'd recommend a slightly different strategy that aligns well with consistent income.Partnering with non-profit organizations that support vulnerable populations, like the Veterans Affairs or groups assisting people with developmental disabilities, could be highly beneficial.

You need more eyes on this property (including yourself) to get a better picture of why the quote is so high.

Not that you asked, but if you are going this route, I'd highly reccomend the BRRRR method.

I made a deal with two highly motivated sellers, they're ready to go.