They only accept cash.

Many judges would feel you got paid even if no cash was sent to you.I could see this potentially working on a higher-end property that it in excellent condition with a Grade A tenant.  

Purchase price: $90,000 Cash invested: $15,000 What made you interested in investing in this type of deal?

Purchase price: $75,000 Cash invested: $69,500 This a complete gut rehab.

Purchase price: $136,000 Cash invested: $90,000 Sale price: $260,000 full renovation from studs What made you interested in investing in this type of deal?

say you find a solid property in a low cost market for $200K and you buy it.between down payment, closing costs, rent ready / spruce up costs, and lease-up costs, you're probably going to need at least 50-65K in cash. 

I am trying to calculate my returns over a 10-year period using the rent-by-room strategy, which results in significantly more cash flow than traditional rentals.

You will get way better loan terms than you would on a Cash out Refi as a partnership entity with no RE experience.This is all very theoretical, can you share the actual numbers so we can help you more?

If you want better cash flow, 35805, 35810, 35816, and 35811 are likely the choices. 

.), maybe showing how much equity could be pulled out of which property when, whether the portfolio would still cash flow, etc.