Usually it has something to do with lack of cash flow, overpriced properties and you will lose all your money.But after making about $1 Million on average per year profits for the last 10 years for my Partners and I, I think I have had the last laugh.I also reserve the right to pass on this offer if the group takes too long.

You need to be ready to write a $5-10k check at any time to replace a major capital item (e.g., roof).5) Trash is usually landlord-paid in Atlanta (since it is billed to owners by the tax collector) and is about $500 a year. 

Our potential plan is to co-finance the construction of an ADU for short term rentals as 50/50 partners and then split the profits interest.

Again you and your broker will know Ohio better than me but from a macro perspective my knee jerk reaction is you should push for 9-10%.Lastly you said the building has sat for a year, major red flag in such a hot market.

Listen what I would do is drive around the neighborhood you can afford around 6pm if the bus stops have lots of people making there way from work there is one money to be made and two a community of decent ppl there I'm not sure if u have children if not living in a bad neighborhood isn't always as bad as it seems besides the money you collect in a year or two may propel you toward your real aspirations faster than not making the move and no matter where you buy your choosing the tenant so set a base line of what you will and won't accept and stick to it people live in Baltimore, New York, New Jersey all places that once where **** holes that have taken some major steps toward change but more importantly they made a big bag of money from those horrible hoods

My net profit would be right at 10% of ARV, so not a huge cushion...

About three to five years down the line, (just when they start making a profit) something goes wrong and the person you thought was upstanding turns out not to be. 

My monthly profits are reinvested back into my real estate...  

Can I actually flip a house and make profit, paying literally nothing, except the time I invest in finding the deal and a buyer?

He apologized and said that there were all kinds of issues with reporting to customers and that they are making major changes