Based on all the posts related to paused distributions, capital calls, and failed deals, there are many LPs that likely wish they would have followed sponsors for longer periods.

I got good at estimating renovation costs by making an initial estimate based on photos/walkthrough, drawing up a model like you see here, then once the project is finished, go to accounting, get the actual expense report for that property, and update the model.

@Karin L Mahmoodi Based on the Georgia Landlord/Tenant Guidebook.

Based on the local market, $15k for renovations seems light—have you had contractors confirm this budget? 

.#2 Keep an eye on interest rates based on what the loan officers proposes. 

Based on your post (so far), I'd also recommend an inspector.

As such my market research is based on longterm rental criteria.

The cameras I have will begin recording based on movement.

It’s like my client in Omaha (where I’m based) :-) he bought a triplex where rents were under-market by $200 per unit.

Therefore a partnership return will need to be filed and each partner will get a K-1 reporting their share of income.Each investor will then report that income on their return.Taxes will be calculated based on each partner's tax rate.Best of luck.