My original assumption was that since we bought it together in cash through our LLC, we would need need to cashout refinance it in the name of our LLC so we would both have legal tie to the property through our LLC. 

I liked that DealCheck automatically determines rental estimate and calculates a cap rate based on assumptions I provided...and it normally gets relatively close to the cap rate I get when using my Excel sheets and formula.

Vacancy - 8%, Repairs and Mait - 10%, Capital Expenditures - 8%, Mangement Fees - 10%Future Assumptions: Did not assume any appreciation over expenses, would be a nice plus but want the deal to be able to stand on its own without appreciation.Thanks!

That's obviously not ideal, but I want to make sure my assumptions are correct when analyzing the deal.

The rate assumption seems very high for the NB area. 

I don't mind putting in the work, but naturally having a 9-6 to be able to feed my family, I don't foresee any brokerage letting me work on weekends or just nights.Is this assumption incorrect? 

My assumption is that we will have to petition for a change in zoning, but I wanted to see if anyone could offer some advice as to what potential hurdles may lie ahead for us in this somewhat unique situation.Thanks BP

I adjusted the assumptions I had.Probably the worst, at least for her view on me, was an inherited tenant. 

The definition of “bad deal” here would relate more to the opportunity cost of such investment compared to other investments (financial markets), than a real financial loss for the investor (i.e. ending up with less cash than originally invested).Let’s now modify a bit our assumptions by including some inflation in our model (say 2%, in line with historical average).

Our PP will be at or less than 10% off exit valuation assumptions.