You need to expect to put 50%+ down to break even on most properties around here though as the average 3 bed 2 bath is going for 1.2-1.3 million right now.

I did walk away basically breaking even (probably out a few grand, but not losing my shirt) and with a much better respect and eye for a "great deal." 

If the utility companies are all different like the properties are in different counties you can put all the properties on Google Sheets/Excel and break the pages down by county and list the addresses going horizontally and put the things you are looking to track Taxes - is this not built into the loans on the properties? 

Quote from @Tim Delaney: @Marty Boardman thanks for sharing - just to be clear you put all your expenses related to the house under one capital improvement account t (Wip) and do not bother breaking them down into categories like kitchen and flooring and paint, etc?

Someone breaking into them, the damages, etc.   

But, in reality, when you add in the acquisition fee, the interest rate cap price, the renovation costs, etc, their real basis per door is significantly higher, and therefore need to sell at that price just to truly break even.4.

Let's break down your questions and address each point:Profit Split:The 60/40 split seems reasonable given your significant involvement in the project.

It's great to meet a fellow real estate enthusiast looking to break into apartment syndication.

What are the best areas to build a shipping container home, buy a multi family or buy a fixer upper home without breaking the bank but still be in a decent area?

Most of my client that bought in 2023 are breaking even or slightly cashflowing with great entry on purchase for long term hold.