Another quick recommendation is, when you think you find a property make sure you buy it because it works according to your profit numbers and do not try and make the deal work.

If you hold it an extra 3 or 4 months, your profit will suffer, or if you have a vacancy for more than a couple months it may not cash flow that year.

Since the house was your primary residence when you sold it to your brother, the sale profit would be tax free if you sold your entire interest.

They can feel free to market my property to their buyers, but I name my bottom line price and they add their desired profit onto that.

Basicly im making 9-10k a year profit.

Yes, it's too good to be true - at least the way you put it.Here is how I see this deal:Gross rents: $3,000Operating Expenses: $1,500NOI: $1,500Mortgage Payment: ($125k, 30 yr, 7% NOO): $831Cash flow: $669 or $223 per unit per monthThis is a very good deal, but as you can see is no where near $2,000 per month in profit.

I picked up a 4 plex that cashed flowed $800 per month and sold it for a $98,000 profit three years later.

By the evening of March 4, 32 of the 48 states, as well as the District of Columbia had closed their banks.[38] The New York Federal Reserve Bank was unable to open on the 5th, as huge sums had been withdrawn by panicky customers in previous days.[39] Beginning with his inauguration address, Roosevelt began blaming the economic crisis on bankers and financiers, the quest for profit, and the self-interest basis of capitalism ** This is only what has happen before, the comparisons are eerie to say the least.

So they negotiate how they are going to split the fees.Either they split the profit or the person who has the property under-contract and names their price.

Blue collar workers want the basic amenities (central air, dishwaher, etc.) plus lower than market rents so if you buy at the right price you can cherry pick those tenants and still cash flow.If you want to avoid tenants succesfully negiating away your profits you must have something they want that is in short supply.