I know it will take over a year's profit to do this, but the return over the next 20 years will pay off. 

He's getting paid 30% of the profit rather than a GC fee...that's the headline.Whether you pay him a GC fee or you split the profit is not that relevant (assuming they are a similar amount). 

When I used to do this as a GC, I would take care of EVERYTHING, and get 50% of the net profit when the job was done.

TO be clear, I'm not saying its a bad thing at all, I think its a great thing, but if you're just looking to buy something to only make a profit and cash flow, it makes it very challenging to compete in a marketplace where not everyone has that same goal.  

For those reading along this is an example of how tax sale is not anywhere near as simple or profitable as Gurus say.

Cap ex and random maintenance seems to suck away all the profits.

Most profitable flips come from:• direct-to-seller• small wholesalers• agent relationships• tired landlordsYou need a pipeline, not luck.2.

Cashflow is just 1/5th of the profit puzzle.

I'm not expecting to profit a great deal on my first property but definitely don't want to be paying out of my own pocket each month for the mortgage. 

Welcome to BiggerPockets @Hailey BarnesFlipping is a great way to make a profit in real estate.