Example:Mortgage approval up to $600k20% down payment = $120kClosing costs = approx 1.5% $18,000Furniture costs approx $30,000 based on $20 per footv at 1500 sqft homeMoney partner agrees to contribute all necessary cash approx $168,000 to purchase and set up STR. 

What are other questions we should discuss in advance.any advise, any sample document.Thanks look at 10 joint venture deals before you do one. talk to others in other markets. if he isn't smart enough to negotiate capital or JV deals or structured finance I wouldn't touch him. every cost should be fully transparent with their margin. similar structures with investors in columbus we are the general and everything is negotiable. he should also be qualified talk to a bank first. we take title in a single purpose entity we are the LP less than 20% and the qualifier and the main investor puts the cash and gets the loan, I'm also licensed and normally sell to out of state investors. 

Vacancy/turnover is very costly.

I need $33,500-$40,000 to complete the rehab including cost of permits, labor, and materials.

There is more upfront cost, but if your vacancy is low, then you can have significantly more income over time. 

Another investor of ours wanted to grow their portfolio and their goal was to diversify out of the west cost.

The service has been excellent and I just had two items fixed that saved me a lot of money, one with a septic tank being clogged and some mold issues in a crawl space, saved a lot of money compared to other companies as well. 

Hi Sam,Would you be willing to share details/costs on the machines and system you went with in the end?

Estimated closing cost is $7776.80 on a $75k washout refi. 

Would we be able to pocket the buyer commission to remedy the final sales price or closing costs?