I have a few questions that I'd like to throw out there to see if anyone has some good insight and if this is potentially a good deal or not. 

I will use them all, and probably throw a sign in the front yard (which I have never done before). 

I have a few questions that I'd like to throw out there to see if anyone has some good insight and if this is potentially a good deal or not.

I would guess it would be pro data based on the replacement property cost for each, but I’m throwing darts.BTW, your 15% calculation on $16k cap gains would be $2400, not $1600....small brain fart I know.

Just throwing ideas out there.

Tenants and prospective tenants throw these terms around and it gets quite confusing on what exactly we should and can say. 

Figure out the GOI, estimate an expense ratio using what you know about operations, and throw a cap rate on the NOI based of the multiple of intangibles that drive rates in your area. 

I came across this article and wondered if that is so (only two open houses per month):https://www.aoausa.com/magazine/?p=1688That refers to an open house for sale, but just wondering.Thanks!

My advice: don't buy it.You're trying to spend every penny you've got to put this deal together and then you won't have any money to deal with the little surprises life throws at us.Every property I've purchased had a surprise maintenance issue that cost me thousands within the first few months.

Real estate will throw some stress on you when you least expect it and even if you can handle it, your friend may not handle it the same as you.