We were complaining about the bad cell reception in our house so the cell phone company told us they could put a tower on our land for $800/month. check if that land generates income or can generate income for you.

That is a silly practice that I see from time to time and truth be told would you offer money on something that you have no idea what income it's generating? 

In this deal, it sounds like the other party found the deal, is bring the rehab skills and will be making the decisions on what value to add to make the most profit (the experience). 

An issue like that might be tackled more appropriately by a non-profit rather than the govt. 

Profit in real estate comes from cash flow, appreciation, and principal reduction....use IRR to calculate profit. 

We are now beginning to look for property #2 which will be a multifamily deal.We have a long term buy and hold strategy in multifamily and single family properties with the intent to make generational wealth for our families.

The reality is that house flipping is much more lucrative and profitable for me, but I still like listing houses for sellers.

We made some profit in this transaction.

My main goal from this endeavor was to keep an invaluable asset (the house and land) in the family to create trans-generational wealth for my family. 

My husband and I were full time investors for 8 years before we got into wholesaling.What's tough is being able to buy deals cheap enough that you can sell them to end users with enough profit left for your buyer to rehab and still sell at a profit for themselves.