If I buy 10 mobile homes in Mobile Home Parks and buy & rehab for a total of $5k and the turn around and sell them for $20k and finance for 60 months in a 2018, what is the profit I pay taxes on in 2018?

I do this in tax year 2018, what is the profit I pay taxes on in 2018?

I’ve been able to identify some very profitable off market deals this way.Good luck

Anyway they have proposed a continuing education package that is 25k but me and my coworker can split it. just got into investing earlier this year and have only done one deal which was a flip and I profited a great sum from it.

This does not sound profitable.

My goal is monthly cash-flow, and from what I’ve been reading, I should realistically pursue a minimum ~8-12% cash-on-cash return with a 20% down purchase. 

If you claim money loss, IRS will want to know about your deductions and why you are not making profit. 

You are talking about a business with a low initial cost and a short period before profits are seen.

Well I really detested the last business I was in (though profitable but way too many employees) I like this one so far but these first steps.... :)Thanks again. 

I these situations the exit strategy is determined that property is to be sold in year x.If it’s 50/50 then in many instances costs and profits are split.