I'm still buying to hold in the lower price ranges, but staying nimble and turning over rocks that the HFs don't even know about are producing ample deal flow despite the added competition.

. :=)Profit definition: The difference between the amount earned and the amount spent to produce something.

I strongly suspect that there is a body of case law on this matter, so will ask a real estate broker who was apast president for years of the local association.

That's what's producing your very good profit.

The broker I worked under was our firm's top producer so I was able to participate in a large number of deals.

Its simply the least bad of the losers.As far as any data anyone's produced, the 50% rule (50% of gross schedule rents go to expenses, capital and vacancy) applies broadly.

I will be looking for houses that I know will produce great cash flow, and I’ll need help finding these houses.

Its funny and this was amusing to read all the stories about every bodies experience in this matter.

.- Another BP member advised against holding passive income producers in a C-corp based on tax issues related to C-corps paying higher taxes on passive income... - I have also heard that in the given scenario, taking all of the profit from the Corp in the form of a salary would be frowned upon by the IRS... basically, a corp with income based on assets rather than production should have a low percentage of profit paid as salary...Thoughts?

So a 5% mortgage produces 5% return now I like this idea better.