*****************************************************************************Here are a few things to think about:- The headline is speaking about income, sounds like profit, but is actually revenue.

My# 1 rule for investing" You can never lose money by taking a profit!"

The neighborhood is in transition and hence I've had to make some sacrifices.

Also @Jay Hinrichs, are you getting your Charleston rockstar a new transit and rotary laser level for Christmas?

Then take the profits and go with a multi.

Im going to focus now primarly on my capital gain first flipping houses and then transition into rental property investments.

Their profit is the difference . 

But is that really what makes it profitable?

Essentially, my goal would be to transition from one tenant to another in about 2 weeks without ever having the water bill in my name. 

I know I could probably go hard money but my concern is being able to refi into a normal bank loan within 6-12 months because I'm certain my equity won't be sufficient by then, even if I'm reinvesting all profits, and especially since the payments will be interest only.