Profit potential; I Love the Ocean.How did you find this deal and how did you negotiate it?

If my tenants believe for any reason that I'm profiting off this money or the interest of this money in any way, that's a bad mark against me in the landlord-tenant relationship.

Subtract commissions, closing costs, concessions, requested repairs, and my private lender’s profit and we’ll walk away smiling and thanking Jesus for the opportunity he’s given us to make this money but also smiling that a new family will get to enjoy this home.How did you find this deal and how did you negotiate it?

I'm never going to sign a lease without running my screening but I'm wondering if I should ask people for more rent both to make it easier to manage prospects and to increase profit.

Iv'e googled what typical numbers should look like but he also mentioned either a very high money down option or giving up profits on the back in to have the money on the back end.

Remember if your rental is creating a profit in excess of depreciation, paying some more income tax is a good problem.

Since I already own the home I figure we could split the profit from the sell or from the refinance.

I would certainly try to point out the fact that selling it on the market would cut into their profit as they would have expenses surrounding an agent, paying the tax title, etc however it's never guaranteed that people will listen.

@Ira Jeter doesnt sound like there is much profit left.

There is a home that is within 10 feet of the property line and I am going to send that neighbor a "neighbor letter" offering him first dibs (for a profit).