Made a decent profit on the note but did WAY too much to the place.

On this current deal each couple put in 50% of the capital and plan to split profits 50/50. 

They profit from the spread of money collected vs money paid out. 

We understand it's likely will be losing money every month, even with it rented out, but we would like to maximize our rental profit. 

If it is, try and partner with someone else where you are the hustle partner and they are the money partner and work out some sort of split of cashflow and profit. 

There are a number of reasons why getting into renting a house could be very profitable.

On a "subject to" deal is the existing debt you are just taking over the existing debt payments plus a higher amount as demanded by the existing owner as a profit, if y'all agree.

Some lenders have "float downs," but typically these are lenders with high "starting" rates to begin with, they're just cutting into excess profit they normally collect, it's not actually a float down even though it appears that your pricing gets better.So if you're getting a good rate, expect not to be able to float it down.

We are hoping for a total profit of around 110k after all expense.  

As a mortgage broker it’s way more profitable for me to use referrals than cold leads and it seems the same holds true for my partners.