There are also ways to go about mindset shifts if that's a serious issue, but I don't know, it sounds like you've spent time with this property, you know all about it, and you have a bunch of other stuff going on in life.For instance, you decide not to raise rent all the way to market rate....This is probably a good move if you hate maintenance calls and your tenants know to handle some maintenance themselves because they are getting a bargain deal.

If he had negotiated a bargain price of say $40,000 on the purchase, his profit would be $375,000 instead of $360,000.  

You got a screaming bargain that was so good that no one else wanted it from the provider side, even for free.

Good evening,Just saw Cleveland, Ohio has relatively inexpensive houses which has the potential to cashflow. I'm looking to investigate this market a little further and wondering if anyone can help me out. I would lik...

Typically, 8- 12% net for OOS investors based on cash purchases.Good luck 

Pay the bill yourself, then reimburse yourself by charging the tenants based on a formula.

Avoid basing it on uncontrollable factors like taxes or insurance.

Pay the bill yourself, then reimburse yourself by charging the tenants based on a formula.

Quote from @Cosmo DePinto: When applying for a DSCR loan, can you base the rent off a section 8 tenant?

Working with a private lender can indeed come with challenges, particularly regarding qualifications and funding structures.For your cosigner, they typically will need to be a member of your LLC and the private lender will want them to hold 51% - depending on lender of course.Compensating your cosigner fairly is based on what both parties believe is fair.