Not off the top of my head, sorry.

The seller was willing to take a secondary position on other property assets and provide a 3yr 4% interest on his loan.

It is a freehold property, recently renovated from top to toe with high quality, large garden, and kept very clean at all times.

Allocate equity based on contributions: you provide the $235K HELOC and management, while your former boss contributes renovation expertise and labor.

So far, if we use the top 3 comps and multiple by the square footage, we'd be getting an ARV of around $700K.

When rates fluctuate, it shakes up the market in a big way.This is where new homes come out on top.

You do not need to provide tax returns, W2s, paystubs, etc.

The value of the info he provided cannot be understated.Residential RE is more challenging then a few years ago, but there are a lot of ways to make money in RE.  

I was thinking if I can talk to my neighbor about sharing the cost (I, the landlord, personally provide labor and my neighbor provide material (e.g. fence pickets)).

If you die while holding the property, it gets a stepped up value and all the gain is tax free.If rental the taxes can be deferred via a 1031 and if you die while holding it, it gets the stepped up bases with gain forgiven.Hopefully the numbers provide some example of possibilities.