I would use the term Profit/Loss to talk about the total difference at the end of the year...Certainly your points with percentages pertaining to repairs, vacancy, and capex all hold water. 

I feel I can get a better idea of all the numbers when I ask for documents pertaining to taxes, actual expenses.

I didn’t close on the SLC property this pertains to but this is good to know for the future.

I would advise any licensed agent to discuss with a qualified and knowledgeable attorney, the state laws pertaining to real estate licensing, wholesaling (if any), potential financial liability, and potential of license suspension or forfeiture before making any move in this direction.  

Thank you so much for your insight in this tough and overpriced market in and around the DMV.I only have one question regarding this scenario, pertaining to what the contractor told me: is it true that the original hardwood floors can be kept from a moldy house if they get refinished and sanded on the back side too?

Even if the episode may not pertain to what you're leaning toward, it could get some gears turning now for another route you may go down later in your career.

I've been snooping around this website for around 1 and a half years and feel its time to start asking some questions that pertain to the goals I desire to shape towards being successful in Real Estate Investing.One of these goals is to successfully wholesale a property to an investor.

I've been snooping around this website for around 1 and a half years and feel its time to start asking some questions that pertain to the goals I desire to shape towards being successful in Real Estate Investing.One of my goals is to earn my Real Estate License this year and to under go training through Keller Williams.

My question regards the percentage down that is required and how it pertains to equity. 

Pertaining to the comment above, you could just rent out the bedroom through a month to month lease and you wouldn't have to worry about the eviction as much.