I might alter that *slightly* if I were renting out more expensive properties, but for anything that's $1k or less that's my formula. 

This house had foundation issues, which I knew, but I did not anticipate getting hit with so much rain to cause this delay further than I projected, which ultimately translates into more holding costs ($). 

I imagine there is only going to be a total of 20-35% profit in the deal (percentage of total sale) to be divided among three people, so that's not going to translate to 15+15+15 percent of total. 

This translate into me going to look at the property and put in earnest money into escrow with the title company and no money exchange in hands with seller until the title company obviously clears the title on the property and we go to closing. 

Also, if I go for the HELOC then will I not be able to get the modification on my first mortgage at all (like will that alter something to where I can’t get that sometime down the line)?

This isn't necessarily geared towards social media specifically... but I think they have some great content that helps marketing and clarifying your message overall (which will translate to what you post on social media). 

@Derek MorrisonAs everyone has previously stated, buy high, sell low.In essence the cap rate is rough estimate of the return you would get if you bought the property with 100% equity (cash).Typically, lower cap rates mean a more deairable, stabilized property which translates into a less riskier asset.

Translation, couldn’t find peer reviewed statistically significant evidence. 

Never CLOSE on a property that you or a trustworthy partner/agent haven't seen in person....offers are fine as long as you have some contingency to bail or alter once you have more time to do due diligence...

The rights provided by this paragraph are cumulative in nature and are in addition to any other rights afforded by law.I highlighted the part that makes me think this means that basically if i have to evict them, they'll have to cover all the fees associated with me having to evict them.I live in New York.If anyone can translate this for me that would be a great help.