In order to do a major repair to the sewer line and electrical panels, I decided to end leases to all tenants in 30 days.

The comps and the neighborhood have to support it also but I totally could have done a typical flip and made a generous profit as any flipper would but I couldn't live with the quality that it presented itself.

Getting renters this time of year is a major pain.  

The tiny home profits 1,700 - $2,500 a month.

Getting this to the right team with the vision behind what is ahead can be major for all parties involved.

We made a nice profit and I learned tons.

That is a major mistake as it has nothing to do with making money.

It may sound counter intuitive but if you can find an investor locally who is willing to let you split the cost of investing and split the cost of the profits you are far better off.

Quick flip w $75k profit or keep $600 month positive CashFlow ?

As for the rest, there are major differences between Net Operating Income and Net Annual Income (or annual Cash Flow – which I consider the real measure of an investment performance, how much money puts in my pocket on a regular basis) and Cash on Cash Return on Investment.Net Operating Income is calculated before debt.Net Operating Income = Gross_Annual_Rent – (Vacancy + Operating_Expenses)Where Operating Expenses = Taxes + Insurance + Monthly HOA x 12 + Monthly Management Fee x 12 + Repairs and Incidentals (Warranty, Utilities if any paid by owner and/or during vacancy, CapEx reserves, etc., don’t forget the CPA and Lawyer costs) Again Net Operating Income is calculated before debt - what matters more is the NET Annual Income (or annual cash flow): NET Annual Income = Net_Operating_Income - Mortgage_PaymentsAnd that leads to the Cash on Cash Return on Investment: C/C ROI = Annual Cash Flow / (Down Payment + Closing Costs)And I’m willing to bet you don’t get C/C ROI above 10% on any SFR in Austin area (based on these calculations and bought with conventional means, not subject-to or assumptions, or owner financing or other creative financing).