We will roll profits into apartments 4 income How did you find this deal and how did you negotiate it?

Do you think it would be profitable or just a headache?

And we got lucky again because the house never burned down and we sold it for a nice profit.

your credit, and history, experience plays in to the rates, then 3. does the property cover all expenses with profit. 

(sellers request also, but my preference also bc nobody knew each other, the mark up/fee/my profit.

Take the profit and go buy a bigger office building (that could handle 15-20) units, or an apartment building if you don't mind residential tenants.BTW, she does not want 10% equity, otherwise she would put 20% down and buy the building herself.

To really maximize your STR profits, you need solid year-round demand.

Update: After 3 years of owning this property I decided to sell it, through forced appreciation and a natural boom in the Ontario housing market was able to sell for $424,000 and walk away with a $200K Profit (Tax-free due to principal residence).

In the end we ended up selling for $235,000 made a decent profit and that was that.

That can kill the profitability of a focused strategy of flipping.This is a very specialized niche.