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. 

@Manny Cirino A search will supply plenty but here are some of my favorites.Wheelbarrow of Profits by Gino BarbaraThe Complete Guide to Buying and Selling Apartment Houses by Steve BergesLifetime Cash Flow Through Multifamily Properties by Rod KhleifI have not read it yet but The ABCs of Real Estate by Ken McElroy is very well liked by many.

It's the mind control disseminated by the profiteers of hyperconsumerism that make the narrative sound strange to people.Thanks for sharing.