So if you have a ten unit building with an NOI of $20,000 and a cap rate of 10% this would equate to a value of $200,000 or $20,000 per unit.

Because the builder was running a 5% commission incentive for buyers agents, I received 25% of her commission which equated to a little less than $3K in my pocket.

So does that effect the equation.

Sometimes volume of houses doesn't equate to total success of your real estate investment empire.

Depending on what lender you use they can consider the rental income that you will be collecting in the equation for how much of a loan you would qualify for.

Why would sell the only thing in this equation that's MAKING you money, just to pay off the things that are COSTING you money?? 

Agree with above that you should consult and attorney, but would also add that I would completely take the thought that you are working with family out of the equation when deciding on an agreement.

If yes > Invest in Real EstateIf no > Pay off your Student LoanThis simple equation however does not account for the feeling that you might receive from being debt free.

Purchase: $300kFMV: $550k Tax Appraisal Land Value: $253kThe issue becomes that usually the improvements (road, signs, fence, dumpsters, electrical, water/sewer, lots, etc) usually run 60-70% of value of the investment and thus is depreciated but with the land value on this about equating to purchase price, I’m missing out on this write off. 

Purchase: $300kFMV: $550k Tax Appraisal Land Value: $253kThe issue becomes that usually the improvements (road, signs, fence, dumpsters, electrical, water/sewer, lots, etc) usually run 60-75% of value of the investment and thus is depreciated but with the land value on this about equating to purchase price, I’m missing out on this write off.