As a limited partner, you would be able to participate in the project without being involved in the day-to-day operations, while benefiting from the potential profits upon completion.If this sounds like an opportunity you would be interested in, I would love to discuss further and provide additional details on how we can collaborate.Looking forward to connecting soon.

Section 8 can be a profitable and reliable resource but it is 'their ball, their court' so know the rules first.

I have stayed profitable, for now.

Because your second year is likely (oops, I did it again) to show a net profit instead of net loss.

You manage the headache of guests and communication, cleaning, etc. and he provides the property, but shares in the expenses and profits.

If done correctly it can be very profitable.

If you can save up for a slightly higher down payment your margin for success will be significantly higher.Also, I strongly agree with the "buy the worst in a great neighborhood, live in the worst unit of the triplex and slowly fix it up yourself."

The smaller more nimble banks such as state chartered or regional banks are better able to service you.If the LLC that owns the property is part of a legitimate business, is profitable, then you stand a good chance of securing some kind of funding.

Overall, it's been profitable. 

At the current cost to build estimate $150/sqft, It appears a 1500-1700 sqft new construction will need to sale for around 399,9k to make a decent profit.