Step 2: Using the spreadsheetNow that you have the basic spreadsheet layout, what do all these lines items mean and how do you use them.

Kitchen cabinet measurement/layout was WRONG.

The layout of the building, the construction, and of course the City.

They can also lay out the design for you with fillers. 

Layout is garage on 1st floor, living room/kitchen on 2nd floor, 2 bedrooms on 3rd floor. 

I selected this house for several reasons: priced below market value; good layout; good school district; desirable neighborhood where market-priced rentals do not stay on the market long; and, good appreciation potential.

By adding sqf and changing layout of the property What was the outcome?

My managing broker and my girlfriend will be doing the entire design/layout themselves, keeping this in house.SUMMERY: Managing broker is the bank, I found the deal and will be run the entire remodel myself, managing broker will list/resell property at the end.So what do you all think would be a fair split/breakdown of profits?

That two year period also gave me sufficient time to learn a lot about the different investing strategies, to sharpen my deal analysis skills, to continue to develop relationships with property managers, agents, banks, contractors, attorneys, and tax strategists, and to really lay out a plan of attack moving forward.  

I'm not sure of the layout but after you take care of the washer/dryer you could possibly convert that common area to another unit and increase rents even more.