If you were able to increase the value of the property significantly after the rehab, then you could bring the deal to a community bank  to refinance and take the hard money lender out.You keep all the equity and don’t have to file a partnership return for your annual tax return, which can be costly.  

There will be no assessment for increase in taxes or insurance so remains at $1935.

My easiest, no hassle, lowest expense rentals are the ones where the tenants stay 5 + years, do minor maintenance themselves, call me immediately with any issues so I can fix them before they become much more costly, and agree to annual market adjusted rent rate increases.  

Final assumptions:To keep things simple and given the Class and location of these properties, let's assume a 1% increase in rent per year, and a 1% appreciation.

Do the schools have increasing or decreasing student enrollment?

Dealcheck is FREE and it offers an app for calculators.I’m shocked that that your team hasn’t told you how much your ROI would increase and user engagement just by having an app.

I'd happily accept the former, though the 16% YOY property tax increase would be a non-starter for me.

You can increase returns with leverage (that is a mortgage) or with value add (renovations, additions etc).I think cap rates (rents minus expenses divided by purchase price) on commercial and industrial is higher with less work involved, but its more expensive than I can afford--so I know next to nothing about that land.

You can also just tell it what percentages you want to hit.Fourth, you can adjust the prompt so it will tell you directly that it needs more information about certain things, and can suggest more investigation into areas of your flip to increase the confidency score of different parts in it’s rehab analysis.

Look at SCI, we had a lot rent increase in Nov. 2017, SCI came in an purchased it in Dec. 2017 and increased the rent again.