Hi Laura,(This is not Investment Advice--because I do not give investment advice, I am simply answering your question here.)Lets say (just plugging numbers here) for example in Savanna if you own 1 SFH outright and after CAPEX, Repairs, Turns, Insurance, Property Taxes, and etc... you have $500 a month left over as spendable cash--sheltered by depreciation.10 would put $5,000 a month in your purse, which is probably a little more than your take home after the IRS and other deductions bite your paycheck.But you need to also have something to pay your Health Insurance, and depreciation stops after so many years, so you have to figure that in also.You will need to fully understand the expenses side of this business and make an excel financial model (if you want to be precise).Assuming it will take 30 years per property to pay the mortgage off free and clear, and 25% of the price of each in cash to buy and make rent ready each one....that might give you some idea of the time frame.The more money you have to start with the faster it will be.Also, in a situation like this, buying SFH's in the cheapest neighborhoods may result in buying in the most dangerous crime ridden neighborhoods..There are people in here who do just that...but you have to be hard and tough to avoid being taken advantage of...and because workers do not want to go (Fear Going) into these areas the owners typicality self-manage and self repair.Higher priced SFH's will take longer, and duplexes, triplexes and quads (may have) a little lower operating expenses over time--single roof for all, single shell for all, etc...There are other investment types out there, but I think you are asking about Buy and Hold---which is what I described above. 

The tenant didn't actually say only that - when he threw in the 'under duress' crap, that made it a different matter (IMO)  Precisely.

The more precise the better.3.

I just want to buy a book and extract a simple, precise and clear route to form a syndication.My first syndication would mostly be with friends and family, so I’m looking to do something that would be very fair to them and myself.

(This is the only one I remember precisely from what I've read/learned this far)I.e.: $100,000.00 total expected investment= No less than $130,000.00 ROI.Fix n' Hold: 10% ROI per year after all expected expenditures?

Honestly, what he is asking for is precisely what I would ask for if I were in his situation.

We have used this strategy several times for folks in your precise situation. 

This is what it came up with after adjusting to the finished home:Their ARV seems to be based on market-averages as well (like the charts indicate), and isn't built-out for precise ARV calculations.

The managing partners making the daily operational decisions and the limited partners typically having no say so, only funding the deal.If the 2 or 3 partners are equal (or at minimum, all have operational input status, then a simple LLC with an operating agreement (herein after "OA") outlining each party's duties and responsibilities, as well as the OA stating the precise amount of each partner's financial contribution and associated shares of the entity.

@David Roberson - Precisely.