I just haven't found any specific guidance for how to incorporate RE into the calculations.Should I be basing it off net income?

Hey BP,I'm considering a BRRR property in the Chicago suburbs, and it's located in an incorporated part of town.

Incorporate into Wheel Strategy.Take $75,000 and make 30% easy money. 

What is the best way to incorporate the third party funds into our offer?  

.- $8,000.00 2) Remove and replace Bathroom (new tub or shower, new vanities and toilet, ceramic tile, paint, bath accessories). - $4,000.00 3) Frame and finish basement - $6,000.00 (with full second bath included will run about $10,000.)4) Painting a property of this size including the finished basement - $2,500.005) Remove and replace all doors (about 10 in this property) with 6 panel hollow doors - $15,000.006) Install HVAC to include Furnace, condenser and ductwork - $7,500 (If the ductwork is already in place we can have a 2.5 ton furnace and condenser installed for $4,000.00(ductwork is the most consuming and labor intensive part of installing a HVAC system)7) Install carpet on second floor(This includes all three bedrooms, hallway and stairs) and basement $2,300.008) Refinish hardwood floor and new color of the stain of for the living room and dining room - $ 900.009) Replace windows with all new energy efficient vinyl windows - $3,000.00I think that's all of the big stuff.

Would I be correct if I asked him for blank contracts with those certain contingencies incorporated? 

Have you incorporate capital gains in that calculation as if it's an STR (and previous rental) I'm guessing you have not lived there the last 2 of 5 years. 

@Mary Jay I work in corporate America and have a family at home along with trying to invest.

Hi @Erik Pfundstein I saw that report last night as well and after review I believe that it is important that people keep in perspective that Fall River was included in the list of only 300 cities that have a population over 90,000 in the entire country.Of the 19,354 "incorporated places" in the United States only 300 of those towns/cities have a population over 90,000.The city of Fall River's average sales price was $227,900 in 2017 and in 2018 we are seeing it increase in the last 6 months:Avg.

I think I should just add a friend or a relative and give them 1% or something...Should that 1% be reflected in the articles of incorporation?