This allows you to isolate the single note to easily determine profit or loss.Separate QB files may have to be consolidated for tax purposes, but that should be far less frequently than reporting to JV partners.That’s my “solution”I hope it helps.

The outcome would be a sizable profit margin to split up between myself and the builder.

I would prefer getting fixed price bids from contractors because this will make evaluating profitability easier/faster.

Reach out to a few and find one who will take you under their wing.If you're feeling altruistic, another way to learn and get construction experience is to volunteer for non-profits like Habitat for Humanity.

No, it will negative cash flow, big time.A HML will not loan on a property that either: is not rent-ready; is not priced low enough to compensate for repairs with a profit margin built in; does not cash flow with a margin for selling costs built in in case they have to foreclose on you; or that will not yield enough rent to provide that cushion.

As a follow-up, I got a call and they seem oblivious to my being annoyed by their attempt to profit from my asset, and have said they will take down the ad. 

Something where the profits from having three units rented carries most or all of the fourth.

I have made money on the last 15 or so deals I did there  everyone made a profit and I can't say that about all markets I work and I work 14 .. 

Part of the profit is better than none. 

Hello All,

My name is Devonte Calloway. I’m fairly new to Real Estate but I’ve been committed to learning. I’ve spent my time attending webinars, meet ups, networking, listening to Bigger Pockets podcast and reading...