I want to built a nice looking house for an affordable price that will ultimately bring value to my restoration and bring a nice profit. 

We have about $160,000 in profit from that sale.  

Hi, I am looking to convert my television studio in Hell's Kitchen into a Self Storage Facility. I have been fielding offers for almost a year now and need to know how much revenue a 50,000 sq/ft self-storage facility...

Am I blowing my profits by buying a turnkey?

Equity investors put up 80-90% of the total capital and get 50% of the total profit.

You have to have the ability to be flexible with your plans and adjust when needed to accommodate a renter, if you want to be able to claim expenses  and show you are intending to make a profit

Currently the rent barely breaks even but the price has appreciated quite a bit.Should I have the condo sold today, I would have about $260k on hand ($180k down pay + $80k profit after exp.)After listening to some podcasts and doing research, I decide my main goal is to buy and hold for the passive cash flow.

Another thing that is pretty typical about banks is their 20 to 25% down payment.One other thing that I forgot to mention was that the multi-millionaire can only borrow from a Bank is 4.5% and that he plans on profiting 150 million this year. 

*****************************************************************************Here are a few things to think about:- The headline is speaking about income, sounds like profit, but is actually revenue.

Others simply don't care, they'll take the offer of a couple months rent and leave.I don't think the new ONtario rules apply here as you're not asking them to leave for personal use, so it's up to you and your tenant to decide what's fair.Your #'s look pretty good, I rarely find a true cap rate around 6% so if that area goes for around that cap rate you're already in good shape.Even if a few of the tenants don't agree to move right away at 5.8% cap your're still in pretty good shape and you can slowly work on it.