My partner and I really don't want to cut 6% out of our profits.

Well not sure what you call the part of RE I want to do which is buying a home fixing it up and selling it for profit.

What should an investor on my level be looking for in a monthly profit?

This is prior to adding the profit or real estate commission.

New to forums, new to this site (my only forum adventure), and new to pursuing any more knowledge with making money in real estate, which I hope to lead to profitable action.

I'm going to start out wholesaling/flippipng/ assigning...what ever it is in the hopes that I can soon have enough of a reserve to start purchasing and holding or rehabb and get bigger profits...anyone with any information is welcome!

Realtors are considered "experts" and they shouldn't be trying to negotiate preforeclosures because that might end up with you in court.Actually, a Realtor can negotiate preforeclosures, however, they must be totally upfront with the owner, i.e. that you intend to make a profit by reselling the property, which, of course, should be in writing.

For example, if you contact a preforeclosure you must disclose you are a licensed agent and that you want to purchase their property for a profit.

One accountant I had told me no, I would still have to pay based on the profits after the basis was calculated.

It may not add up monthly but profit on a yearly basis.