Sounds like you are going with a Fannie/Freddie type loan based on the cap of 2%.  

I am local to Los Angeles - based in Orange County.A bit about me: I’m a civil engineer by profession with experience in local government.

Tenants were ecstatic that I have been fixing things that were neglected for years and based on units in Clinton trading for about $200k a door, the property will likely appraise for 750k+ Lessons learned?

Hey Chris,This is the website: https://suncrestcapitalgroup.com/Ive been dealing with Kevin Barrios.They have office based out of Florida.I checked BBB and couldn't find them. 

Do you know what you are doing based on actual practical hands on experience?

@Vincent WeselakIt’s a good idea to get an estimate for your insurance costs upfront since this can vary based on the property type and location, and it’s a key factor in evaluating your cash flow. 

Will - I work with CSSI, the premier company providing engineering based cost segregation studies in the U.S. 

Risk that you will short yourself by not maximizing your cost seg potentialThat said, when full-service cost seg is not economically sensible, DIY is a valid alternative

So the question becomes based on their individual and personal tax situation what is the estimated tax burden they'd save? 

Are you both friends and have unique skill sets and are breaking up the duties of investing based on those skills?