I have done some rough math and as I pay him back I will still be profiting.

I'm confused though as to how to calculate my gross profit. 

I would rather consult my owner financier and ask if they would accept a transfer of the loan to another person but that probably means you will not be able to profit as you imagine for such a transaction.

@Tracey WittkeTell her this isn’t unicef .. your a “ for profit business” When her lease is up don’t renew .

The key here is not necessarily the numbers more about the tactic and if it’s LEGAL and POSSIBLE To DO it like this or if any one has tried anything similar to this: Property purchase price: 80,000Estimated Rehab cost : 45,000Property ARV: 175,000Hard money Loan used for : DOWN PAYMENT & FIXED COST.Down Payment: 16,000FIXED COST : 18,000 35,000 ( added an extra grand ) HML 35,000 @ 15% interest with 6 points Total: 46,250LOC used for REHAB : 45,000 @ 3 % interest.Total 47,000HML + LOC = 93,250Remaining Balance On House : 64,000 @jasonDiClementeHML + LOC + RBOH= 157,250House sells for 175,000 SP - HML-LOC-RBOH = 17,750 profit - tax about 11,000 grand ... not really a big number but like I said it’s all hypothetical.

None of this scattershot diarrhea of the fingers, this emo pleading for spoonfeeding and aversion to actually finding things out for yourself that all too many of your generation seem to be addicted to.

The backing of the bottom layer had to be scraped/sanded off.After the flooring was out, I ran my ozone generator and washed windows (three times each).

Very hard to make profitable, plus all kinds of issues with e.g. zoning. 

You could probably double or triple your profit each month with a STR, but you would probably quadruple the amount of headaches and responsibilities.

Investing out of state has been profitable, but I have way less control over the property.