RIght now if you are just sharing the profit and loss per capital percentage, you dont need a complicated agreement. 3)Looks Like your lease on the condo is about the expire, so based on your situation, if you could live there for few more months, you could qualify for section 121, if not 1031 is always there. 

Search for independent studies vs. those funded by the window industry (who push the use of UPVC due to profit margins). 

But when you do the IRS sees that as taking profit so you pay tax on that amount. 

I was wondering if anyone ever tried to make a deal with an owner where they purchase the property for much below the asking price, pay for the rehab and then split profits above a certain sale price?

After going back and forth with price twice we are about $8,000 apart and I am not as comfortable absorbing this difference by my profit.

I realized I may struggle a bit with receiving my first loan (due to limited 2 year proof of income) for the type of duplex property I really want to pursue. 

I found an 8-plex for $250k with $55k profit per year. 

Good luck if you pursue it, come back and let everyone know how it went. 

You can buy a property but all income, expenses and any profit stays within the IRA. 

Im looking into other markets since I am going to eventially need to start buying several houses per year if I'm going to meet my goal of six figure passive income by 2027.What do you do when you are out of money to invest or have no other deals to pursue?