So there was a SFH listed for 225k in which the seller relayed that he was willing to take care of all the town inspection requirements if necessary (They conducted a town inspection in April in which it had passed but had now expired so another one was needed prior to closing).

Their brokerage license/agent license & their PM business.

As such, payments that you make need to be prorated between business deductions and personal deductions.

BUT that is not to say there aren’t folks out there that are just down right price screwing over homeowners, given good folks in the business a bad name.

Which is a great goal if you’re planning to scale a portfolio or start a co-hosting or property management business like I did.  

I am trying to find a mentor and I feel like working for a corporate wholesaler might give me the experience I need to turn my little $175,000 chunk into a rental property business one day.

Whoever, or whatever, conducted this "analysis" has clearly never owned or been to Okaloosa Island!

If you look at this as a regular business, its revenue is $82k, and its expenses are $41k, so the gross profit is $41k. 

I've had a passion to work for myself ever since I was young, and after starting my own "Pressure washing" business a little over a year ago,  I have found Real Estate to become a very heart driven path for me (Considering I work on houses).

Scheduling is the biggest headache , you may be sitting idle for 2 to 3 weeks because a sub is busy , of another sub was running behind , or an inspection failed .