First, in such equity splits, you will need a JV agreement (joint venture) and you need to have your attorney structure one for you that you can use over and over again with a few tweaks as you go.

I tweaked it to use the 50% of rent for expenses (maybe that's the problem).

The numbers looked good for a while but as I've modified and tweaked them they just aren't looking so great any more.

, and keep a pulse on the local rental market.I am constantly tweaking my application and screening processes.

If you break up expenses into a bunch of slices its easy to tweak each one down just a little and end up at a really high NOI estimate.

There are some little tweaks remaining, but as promised, we're going to make this thing much faster in the coming weeks.If you experience any problems, please be sure to let us know . . .

i work with an agent, but i also do my own searches. i use homepath (useless for the most part), trulia, century21, etc. but most of the things i look at come from the email alerts that the agent set up for me. i just wish i can tweak the filters myself rather than me asking her to change the setting.the only problem with the way i do it is that by the time i hear about it, it's out in the open. i have no idea how to get "soon to be listed" type of houses.

CoC, IRR and is the overall return worth my effort.I consider cap rate to determine approximate value and tweak my strike price based on this.

I actually hadn't thought of that Mike; most of our tenants now are blue and white collar, and we have thermostats that we can actually set the high point (vs. buying a hard coded 72 or 73 degree, etc. that way if we get an older person, or we have a colder than usual apartment we can tweak it up to 73 or 74 thereby "mitigating" the chances of them doing some "low life" stuff like putting ice on it or attempting to bypass.

I had to get a little creative, but I believe, after a few tweaks, I can replicate the process moving forward.