Naturally the months of vacancy destroyed the profitability for the year but it was an important lesson which will be carried forward on our plan for future vacancies.

Say you purchased a house for 100k, market value is 110k, say you your total investment is 5k and it generates 5k per year.

Perhaps as an alternative you partner with your flipper friend where you contribute the cash and get a split of the profits in return. 

Purchase price on house is 105K with 225K for rehab, approx 17K cost of money to private lenderand I'm looking to take 50K out for profit after refinance, Income approx: 3400.The ARV is approx $450K I would appreciate all feedback.Thank you

Anyone can play plumber, but being a plumber and doing it profitably is usually different.Be aware, each brokerage is different.

Cash on Cash is the % of the return ( your profit after expenses) against the amount of personal money you have invested in the property. the less money you have into the property and the greater the profit the higher the cash on cash % will be.

The sale would make me whole from the capital and also include profit.

Based off a loan amount of $78,400 at 6% interest and Annual Property Tax of $1,280 and Insurance $750, your payment would be approximately $639.21 Factor in 20% percent for vacancy, repairs, and property manager fees and your left with $752 for a profit of $112.79. 

Wholesaling profits will definitely be put towards my first investment. 

I want to generate monthly cash flow so I'm thinking buy and hold (rent).