That amounts to $250,000 a year in net profits.

I am making a good profit and I know now is the time to buy.

Other solutions, while not as clear cut, and not as profitable, could run as little as $2,500.00 in start up costs, with no real ongoing costs to speak of, and is probably the only practical strategy for a smaller operator.

Even though I am only working part-time, my debts are minimal and I have no need for dollars at the moment--which is why they are stored in the form of yellow metal :)Matty-I haven't considered the 28% tax...might have to manuever a bit to maximize profit...thanks!

Plus I don't want to take such a large mortgage that the property is not profitable.

How do I make an profit as a wholesaler, finding a deal for a family looking to rent to own only?

It turned out ok since the actual home I bought was a bit bigger and nicer and made a great profit.

I'm in central ma, and the rental market here is very very very profitable.

property management ~ 1400 (~10%)vacancy ~ 1200 (~8% with good niche market of students)Debt service w/PMI assume 4%, 30 year fixed = 590x12 = 7080Total expenses w/ debt service = 14,330Total yearly profit = $2470CoCR@1500 = 86%CoCR@1400 = 61% (pm/va values changed to reflect rental price)CoCR@1300 = 40% CoCR@1200 = 17%I have two questions regarding this deal.1) Are my estimates for expenses ballpark for your average house of this nature2) Does this deal make sense to do in light of the fact that my investment options are somewhat restricted by my requirement for a move-in-ready-homestead?

The reason for the S-corp Election is if you have two or more member and would like to take in some of the profits as a distribution rather than wages.