I'll pay all the actual costs for the website because I want it in my name, but as far as his time updating it and tweaking ad words etc I think I'd like to start out with this method.  

I'm learning now how to tweak my list, my first is probably way too broad.

Happy to discuss further and review my model with you (made it yesterday afternoon so it may still need some tweaks), and perhaps I'll post some details about my own condo situation once I wrap my head around it further.Regards,Mike Catalfamo

Then all you have to do is tweak them a little for each deal you want to use them.

Whatever's left gets split 25/75 to you/him.If you want more current income, add a mgmt fee and tweak his preferred return or equity split more in his favor.Books are great on this subject.

.$83/m repairs (toilet clogged, minor tweaks, etc) $1,000/yr$150/m capex (all of the major items are less than 3 years old, but will eventually need replaced many years from now)PM $112/mLease Fee $58/m (2 year leases with 1 month vacancy)$100/m cash flow with PM$270/m cash flow self manageI think my repair budget is high.

Trying to tweak the system to get lowest mortgage rate is great, but at some point not scalable.

We made a few tweaks.

It would impact your net ROI.As far as which cities, the countries I looked at have the same dilemma as the US: desirable areas are so expensive that the ROI is relatively low and less desirable areas have a higher ROI but higher risks.I will add that countries with a socialist tendency such as France can have complex rules (from subsidizing renters, rent control, subsidizing rehabs, tax cuts for renting to people in need...) with each new government tweaking those rules, they can have a serious impact on real estate investment market.

The calculator has been updated with a few changes including better future analysis charts and graphs, better on-page instructions by hovering your mouse, and I tweaked a few formulas.