Let us take a look at your current plan today and get started on the path to increasing the profits on all that hard work you’ve put into your investments. 

Slumlording must have some profit to it or people wouldn’t still be doing it.

Oh my my ... real estate investing can be fun and profitable played straight or you can live the crime life committing fraud waiting to get caught.  

That's a pretty common profit margin.

Made 8k in profit after one year. winners was the realtor, contractor and neighbors since our selling price improved the comps of the neigborhood.

If you can handle the management yourself on vacation rental I would suggest you buying this property personally, if you do this right it can be very profitable investment.

The loans are usually based off of the profit the property will generate.

You need to decide where you spend your money based off of your goals, but I would definitely set aside some of the profits to work on education.

Not an expert, but it seems to me that the earnest money and the contract should happen at the same time. if you don't have $500 to $1000 for earnest money, who do you know who does that you could share the profits with?

I have no money so I'm looking for someone who is willing to go in on a deal with me and we split the profits.