I'm going to see how many I need to build to make sure I can have a decent profit immediately

Hey @Sean SloopIt's in your best interest to have your relative having their relative equity documented on the property or LLC.From an IRS perspective, suppose you both contribute $10k and there's a total profit of $14k ($7k each).

The 50/50 partner has a chance to make a lot more money but stands to lose in case the deal fails.In the debt partner scenario, the investor is agreeing to a smaller part of the profit but is expecting to get 100% of their investment back plus interest.I used too much leverage on a fix and flip four years ago and lost a lot of money.

My goal is to use my knowledge to save money on my labor costs for the fix and flip strategy and then take the profits to fund more flips and or purchase multifamilies.

For the average flipper this deal probably wouldn't command a high enough profit margin to justify the work involved, but if your goal is to buy-and-hold, this could be a real winner.

Also:Multi-Family Millions by David LindahlEmerging Markets by David LindahlABC's of Real Estate Investing by Ken McElroyWheelbarrow of Profits by Jake Stenziano and @Gino Barbaro

Which in this case I would imagine most people would rather build a new home than possibly save a couple thousand after the house is moved and all the expenses have incurred.I think there is a buyer for every product but your market, I'd imagine, is extremely small and very specialized which to me means a lot of time spent marketing which cuts into your profits.

Private money / hard money can be very expensive and if your floating around 1%, chances are the deal won’t be profitable with such a small margin.

As a beginner and getting my feet wet, would you think purchasing a mobile home and fixing it would flip and make profit.

Actually i heard about couple of ways that make sense to me:-buy a single family fix it rent it kind of 8-10% net profit , is it something special or kind of basic at the u.s?