Purchase price + rehab) financed at 5% on a 10 year amortization, plus annual Taxes and Insurance, must equal $250/mo positive. example: Purchase $25,000, Rehab $5000 = $30,000 (AVR $65-$85K) 10 years @5%=$318/mo  Taxes and insurance will be about $2000/yr divided by 12= $167/mo + the $318= $485, so for this example i have to get $735/mo to fit my system. and yes I am doing this.

Any and all input is welcomed on this specific example.

Here's an example: A free and cleared duplex is owned by two siblings, Bob and Joe, and each own a certain portion of the property.

Any and all input is welcomed on this specific example.

Look around BP for more answers; example article below.https://www.biggerpockets.com/renewsblog/2015/01/3...

Hi Dan, I would think some of the issues in the Chicago lease would not really be appropriate - for example they have very specific issues addressing the porches (Example below).In our Lake County group we have an attorney on the board and of attorneys that are members as well.  

Just as an example if you all in cost to purchase/renovate is $300k and you're putting your $30k (10%) into it you would want to be able to refinance the property for a $300k loan ($400k value) so all your money is back out of the deal and ready for the next one.

Not to scare you.. but just giving examples of things to think about.

If someone comes to me, I'll send them your way.If you need help in your search or want to verify something don't hesitate to ask.For example: I have clients worldwide and things are just as easy as I e-mail them, talking on the phone.

Hi Wayne, If you want a detailed explanation with examples, then you may want to listen to episode four of our 'Passive Real Estate Investing' podcast titled "Turnkey Real Estate Investing Explained".