Here was one of my last BRRRRpurchase  36 rehab        26all in          62arv             95refinance  71cash profit - 10Kmoney left in the deal - 0hopefully this helps?

Tap has some profit in it.

In my first flip, I missed lot of small details and that took chunk of profit.

Goal: My current goal is to take action and learn every aspect of SFH REI ( acquisition, rehabbing and exit process) and potentially make some profit from my first deal.

And so on, until the margin is compressed. 

I keep hearing cut profits 50/50.

If you purchase less than you sell the irs says that the difference is profit first.   

@Mark SeutterA self directed IRA is a way many investors purchase real estate, however the profits go back into your retirement account and may only be take out as a distribution.

My goal is to be able to buy single as well as multifamily homes and live off of the rent (long term goal) Ive also met with a broker who works with short sales, he takes on about 10 "projects" a year presents you with the short sales in area of interests (mainly Long Island) along with high and low comps, he asks for a percentage (unknown, at our discretion it appears) of the  profit after the property is sold, he typically works with investors who buy and flip. 

If your paying $80k for a property that has an ARV of $110k, there is not much meat left on the bone to borrow against or for profit as a flip.