We have multiple appraisals in hand that show an after repair value of about 2.3M.

I still have the other property left and I think I will keep it at least for several more years.I have been doing necessary repairs and upgrades on the property that I still owe including some that I foresee I would've had to do in the near future.

Looks like you removed CapEx in Proforma and increased repairs/maintenance by only $3,500?

Also, explain how you'll share the acquisition costs, such as the down payment, renovation, and closing costs.Payment Responsibilities: Explain how to divide and pay for regular costs like mortgage, property taxes, insurance, homeowners association fees (if applicable), and upkeep expenses.Management and Maintenance: Agree on how property maintenance, repairs, and improvements will be handled, including decision-making processes, funding for these activities, and responsibilities for performing or managing the work.Single Decision Point: For example, I've seen situations where one person agreed to replace an appliance while another strongly opposed it.

My tax person says I can deduct a % of the repairs I've done based on the SQ Footage of the basement unit.

Make sure the LTR rental income will service first all of the PITI then handle another 15% for vacancy, repairs and cap x.

., but will need some cosmetic repairs. 

Did you use a calculator or spreadsheet, or did you simply work out the math like rental income minus PITI, 8% for CapEx, 8% for vacancy, and 5% for repairs?

I’m currently in need of a reliable handyman in the Memphis area for some upcoming projects and repairs.

In 2023 we also had a major repair take place.