With all of the high-price construction and incredibly high percentage of rental property investment in this area, I know that GC's won't come cheap and that a good GC is worth the premium.

I'm still very confused what equity does on the whole equation.In LA in general, what percentage under market value should be my target?

--which allows me to pull the money out immediately, up to 70% of appraised value.HOWEVER, I'm also under the impression that that number is capped at the purchase price, regardless of equity percentage.

You and your father-in-law can agree to whatever split in profit/loss percentage.

There is also Private Money Lenders that can currently make more off your deals than a Bank savings percentage on their balance.

Never use percentage of rents to figure out expenses expect for the PM fee (8% for small properties, 3.5-5% for large ones).

The value that your wife is bringing to the table is actually easier to convert into a percentage of ownership in the deal because you should have a pro-forma and financial projections for the deal and the commissions that she will not charge actually have a dollar amount that is easily calculated based on the numbers you are projecting.Our business model is based on syndications for large multifamily properties where we bring equity from our investors as limited partners and we participate on the general partnership side of the deal alongside our operating partners (which in your case would be the builder).

The numbers show what percentage of moves are inbound vs. outbound from the state.

That could be more advantageous than the percentage I might gain in classifying it as a second home.

If 97.5% do not have this happen, and 2.5% have a randomness of multiple offers coming in at the same time randomly that is 175 times per month or 2100 times per year this phenomina would happen.The law of large numbers tells me not only will it happen, it will happen often.So yes, it just happening happens pretty often, especially if you combine that 2.5% with other percentages of ither possible outcomes that have the same essential outcome.