Profit Margin (will I make enough money)2.

I'm looking to utilize my knowledge as an agent, as well as my degree in Accounting, to develop a highly successful and profitable business.My overall goal is to purchase single family homes and 2-5 unit buildings, and rent them out.

Here is a copy of part of the definition:"A liability is a present obligation of the enterprise arising from past events, the settlement of which is expected to result in an outflow from the enterprise of resources embodying economic benefits."

The only time buying a nice house at value is bad is if the profits aren't there.

Really that simple.Of course, the pitfalls are:- Extra time/effort/risk in permitting- Extra holding costs- More risk to the budget- More risk to the project if you're experienced/comfortable doing additionsI think this is something that any serious rehabber should have in their arsenal, as when inventory gets tight, these types of deals are often the ones that are available/profitable.

Happy with the way it turned out and the profits.

Leases are key with the stated income and profit might be off of vintage leases at high per sq ft amounts.

Some probably never lose it but they obviously learn to manage it if they stay in the game.Don't let fear turn into a reason to not try.Don't be so worried about that first deal not making the kind of profit your tenth will make.

I would also recommend reading FLIP: How to Find, Fix, & Sell Houses for a Profit by Rick Villani & Clay Davis.

These types of agreements are always rosy going in with high expectations of a profitable venture together.