Each of us bring different things to the table but we don’t know the best way to setup the business for success. 

Or you find out that your PM found his wife under the keyboard player of an 80s cover band last week and is locked up for ag-assault in the county jail for thirty days with no one available to collect rent or continue the process of evicting those people on Center St. who might or might not be running a under-the-table daycare center/illegal pain pill distribution center out of your property...Does your whole house of debt collapse because Murphy wasn't in a good mood this week?

I am also well versed in Agile methodologies which I feel is underutilized in the real estate industry and will give me an asset to bring to the table with future partners.

We also want to get a hot tub and a pool table.

My offer was at asking and first on the table after the property was listed for less than 24 hours and the seller received two more offers that afternoon after mine (I'm in a very competitive market for small multifamily properties.)

-CapEx and Repairs are absurdly low, unless you plan to bring capital reserves to the table for what I assume is a house built in before 1950.

The topics, the professionalism and the knowledge you gain from REIA is absolutely priceless.We meet 3 times monthly including a round table 1 on 1 for dinner at Bigboy and Breakfast at Uncle John. 

Scenario 2 - Even Split of Profit, Land Contract or Mortgage Note, No Realtor (Add 30K to table)Total Expenses = 142K Purchase Price + (BC (2300) + HC (3000) + FC (15000) +SC (17K 2K) + RC (25K) = 30000) = 174,000Net Profit = 225,000 - 174,000 = 51K - 10K = 41KSeller Profit = 142,000 - 100,000 - 42K Same but With Realtor Fee (Higher chance of selling faster) (Winning scenario so far)Total Expenses = 134K Purchase Price + (BC (2300) + HC (3000) + FC (15000) +SC (17K) + RC (25K) = 30000) = 181,000Net Profit = 225,000 - 181,000 = 44K - 10K = 34KSeller Profit = 134,000 - 100,000 - 34K*I calculate seller net profit by the following. 80K purchase and 20K already paid in repairs, thus reaching 100K.It all depends on what she is willing to accept.

If he's not willing to do that, he brings nothing to the table, and you need to find someone else. 

Then once you line up people that would like to gain your business you have to bring something to the table like a good deal that you found while analyzing properties.