if you bought and flip it so quickly,you've paid the lenders, then that couldn't be such a great profit. or unless u know that,right?

While I tend to agree with your analysis I think you have missed out on one very important detail:A (traditional) mortgage is a forced savings plan.Yes it is true that he is earning profit / building equity each month (so long as rents exceed actual expenses).

Now say a profited 1mil because I sold all the condos in my 1 property.

Give it 5 years and you should make a decent profit.

Do they have deals with enough spread that rehabbers can actually make a good profit?

For instance, what is the best type of for profit/not for profit charter I can use that will serve the most benefits?

You should have a profit at the beginning when you get an option premium (downpayment) and some cash flow while you hold the property.

I Read the "Probate Profit Machine" by Scott Riser and am starting a campaign this week, sending out about 100 letters to the recent probate cases.

Only work on transactions whereby you believe that all participants are profitted.

I posted this under the rehab section - though I might get more play here...Short version of my question :After much research I believe it would be relatively easy to consistantly turn houses for a quick $10-12k net profit...on a 90 day average turn.