The profit in these areas of RE is probably better in selling the program or concept than properties.

For a "profit" of $15/month.

I would not markup a service or product that's already at market rate.Agree with the second paragraph, and it should be detailed as to what is and is not included, but really, management includes any and all aspects required to promote, maintain and maximize the profit for your client/principal in your agency relationship.The first paragraph is clearly not acting in the best interest of your client/principal or employer, the reason an owner hires a manager includes their knowledge, expertise and ability to maximize profits for the owner.

It just may be a little more difficult to flip from afar as you don't want the project to be on hold when you are out of town as everyday counts when profiting from a flip.

For instance, I am an advocate for finding properties that are instantly more profitable, but thats always outside of my own city, relying on property managers for the day to day maintenance.

You need to run the numbers and see if they will work out to make this a profitable deal for you.EXAMPLE OF A GOOD DEALARV $150KX70%= $105K (What you need to sell to a cash buyer for)-$20K Repairs-$15K Your Profit-$9K Closing Costs and any Funding Costs-$34K MortgageMAX PURCHASE PRICE= $27K

., ARV), you use hard money to fund the bulk of the costs, and you hold the property for six months then your profit will be about 15% of ARV.

If you are the tenant, living in it for 3 year then purchase it thereafter; how are you making any profit?

Using those rehab estimates and ARVs, you can determine the potential profit for each scenario.

That said, it can also be incredibly profitable and if you screen well you will have mostly grounded, {somewhat} responsible tenants.