This might be 50% given the loss of the parking revenue.DO NOT buy!!!!   

Even if you have money for the 20% down, it's not wise to spend your last dime making that down payment and leaving yourself vulnerable to losses from a bad tenant or maintenance costs.If you want to be a successful investor, increase your earnings, reduce your expenses, save up, and buy wisely. 

My first time here -Trying to bounce back from Covid-19 losses. 

This is a great strategy for high income earners as they can purchase a short-term rental get a cost segregation and slam a huge loss through to offset current years income. 

Depending on how much you make for your W2 income, those losses are deductible, phased out, and not allowed at all.

A 2-block difference could be the difference between appreciation and loss.

Do you expect a loss?

That was assuming you qualify to take the entire loss in 2023. 

If I assume NO property value change, in 30 years, the WH property will have turned $383K (down payment plus $800 monthly negative loss of running the property) into $459K.

So if we underperform the pro forma and we end up losing up to $100k on the deal, he would share in that $50k loss and I would eat $50k of the loss.Is that what you mean?