We do live in a small rule area where properties are a little cheaper, but so far it’s been very difficult to find something that seems to pencil out.

I would appreciate any advice on anything I may be missing with putting this together or should neogotiate before finanlizing.Negotiated so far:Property: 9 Unit - 7 Apartments + 2 Commercial Garages (4 unit apt building + 3 unit apt building w/ commercial garage attached + standalone commercial garage on same lot)Background/Why owner is selling: A seasoned builder of 50 years, the owner purchased the property in the 1970s for around $8,000.00, later developing three apartments and two commercial structures.

It's like the 70% rule, you can use it to narrow down 100 deals to 30 deals to dive deeper, but you need to know estimates per house..

There are rules to follow!

Next, I would look into where you can find the 1% rule (aka positive cash flow) and fast appreciation. 

Imagine 50+...... 

I'm not going to download it for you from my phone.https://www.cccba.org/article/flip-or-flop-disclosure-rules-...I've read many of your posts and am aware that you feel that you can decide when you want a permit or not.

If you stick to the 1% rule you should be around that number.  

Depending on where exactly the property is located they may have some different rules/laws in place.

The money partner leaves $10,000 in the account for any incidentals and we split the profits or the losses 50/50 until we sell in within the next 3 years.