HOA fee - If HOA fees are not paid, business will incur fines, so it is necessary to make the profit in the business.8) Marketing expense and advertising9) Cleaning and maintenance10)Commission (Expenses like commission, abstract fees, recording fees to obtain your mortgage are not deductible but rather capitalized )11) Insurance12)Legal and other professional fees(Tax preparation for business, not personal part)13)Management fee if applicable14) Points- you generally cannot deduct the full amount the first year but have to deduct them over the term of the loan.15) Repairs (Note always do repairs rather than improvements to rental because repairs are deductible right away and do not have to depreciate over few years as done for improvements.

Make sure you have enough room for negotiation and room to be profitable when you assign the contract.Best of luck to you!

I hope the flip goes well for you and becomes very profitable. 

"Off Market" Subject To's are so much more profitable than potential MLS Subject To's that it doesn't even occur to me to use an agent or the MLS.

Also if anyone is up for wouldn't mind working together, I have no problem doing most of the work, filling out the paperwork, and sharing the profit for the first couple of deals to get actual real experience to would be great.

Sometimes booking a good profit or sale while people are paying a premium is a good choice especially if you feel the market fundamentals are overvalued. 

Monday, I signed a contract making a $5,000 profit.  

It won’t pay off in 15, but it has the best opportunity for you to continue to profit from the appreciation and positive cash flow.

Our build cost is on the low end of the 100 range, but we build ourselves direct to the sub markets, so no markup on the const. costs, nor GC profit in those costs.

Go into the first deal with other investors and turn the profit over to buy your solo investment.