At the end, after all the costs are subtracted, the typical profit split would be 50/50 for you and the partner.  

@Eric DeVitoYes, that is a Buy and Hold example.Net Income/Loss is final total for a time period, generally a year, after all expenses are subtracted from income.  

From there subtract the cost of the work.

In your "Rehabber formula" the $30k gets subtracted from the ARV*70%, so a Rehabber using this formula would pay $180k.  

Sorry Bryan:  Focused on Security Deposit Laws:When you enter a receipt in QuickBooks for her Security Deposit of $1750.00, on the second line of the Security Deposit Receipt, list Cleaning fees (you will have to set this up in the Items List as an Item and link it to Security Deposit Other Current Liability Account, then make it a minus sign showing  $75 to subtract it from the actual amount of the Security Deposit. 

And finally, subtract the current verified PITI.

Or price the cottages at northwood in avery ranch and subtract the lot--you should walk their or some other "cottage" model homes and see if you can find a floorplan you like so you can see your space you're building.  

Take Gross Sales multiply by Gross Margin (here we use a 20-25% margin) subtract out expenses like Lease, Advertisement, Utilities, etc... then multiply by 2.

Yes it's probably more expensive, but if you went that route and subtracted window/new dry wall costs you may be surprised and save $$$.As far as add baths/etc...

. (+$1,195)I'd subtract 20% for vacancy and 10% for management.To get the home in rent-able condition would cost about $20,000.UNKNOWN OBSTACLE: Septic system capacity.