That is divided 10 ways since you are all equally invested, so 9,100 each.   

Heat often isn't distributed throughout a building equally. 

Being ready to act, saving well, and being open to learn and change are vital for your journey in real estate.

This means if the equity increase equals that same 20% DP value, you just doubled your equity. 

This is very true and could equally apply to the Cleveland market where I own properties now.

Assuming all other things are equal, the quadplex of 1/1s is going to set the floor value and the appraiser will make line item adjustments on value to back into their opinion of the value of your property.

In such an event, the tenants will be responsible for paying a lease termination fee equal to 3 months’ rent ($7800), as liquidated damages for the Landlord's inconvenience and costs associated with finding a replacement tenant.

Someone is always doing something just that bit more, and when it's "equal" it's an invitation for running arguments on how things are not equal.

Understanding the management terms, including fees and tenant handling procedures, is also vital.

I have never done this but I'm interested in hearing more about this from the money investor's perspective.I may be wrong on this but isn't 10k interest on a 50k loan over 6 months equal out to 30% annual interest?