A 4 plex  is for sale with a cap of 6%.

idk, i feel like there are necessary details missing here. but i'm also wondering if it would make sense to just reallocate the percentages based on what each person is bringing to the table. it would've been easier if you did have an LLC whose operating agreement you could just change. there's also the 'lazy' 1031 or 'reverse' 1031 where you just make the sale, then strategize with your cpa on how to offset the cap gains for that year. also worth noting: 1/3 of something is better than all of nothing. it sounds like it's not really that partnerships aren't working, it's moreso that you feel like your % is no longer fair? 

So it sounds like I likely have 2 options:1) just sell the property and eat the Cap Gains tax and move on, or2) do the entire exchange under our personal names and do a “improvement exchange” and book it through the home build.

Do you charge and how much.Acceptable Vacancy Rate - we own a reasonable # of doors in the city of Milwaukee - not great areas but not horrible either.Thanks in advance State laws dictate what you can charge for a late fee (in DE we have a 5-day grace period and the maximum allowable late fee is 5% of the rent amount) so look at your landlord-tenant code for this.As far as pet fees, it is also capped per the landlord-tenant code for our state at one month's rent.Too many variables to address your vacancy rate question.  

I used to get about 30% net caps based on cash purchases.

Calculate potential cash flow, return on investment (ROI), and cap rate for the duplexes, considering all expenses.

I will set aside the other 8k for cap ex/nest egg.

Hey Taz, I am aware of one, usually caps at 70% leverage with more of a "limited" recourse, but sounds like it is what you are needing.

PRO NOTE: VA loan has no cap now. 

Most have a debt cap of like 1 or 2 million.