A popular Excel template is Vertex42 as it automatically includes spaces for property details, rental incomes, expenses, and a summarizing sheet.

Are there any lenders or resources out there that can provide DSCR loans or other types of loans that are less than 100K and don't require prior ownership history?

This may be expensive and not worth it but having it legally split, may also increase value. 

But last I check their requirements for LTV/DSCR was very strict.   

This requires the right renovation components and speedy make-ready after a tenant departs.

Between it  and chain, both last a long time and require little maintenance, but the vinyl looks so much better and is more functional by blocking visibility. 

Hello AllI have a opportunity to purchase a 3 unit rental property. how should I structure the offer and what should be required in it.Does the seller provide a fee and clear Title with Title insurance, should the seller be required to evict the tenants before I purchase, what verifications or contingencies should i include. etc......ThanksJeff

But ya have to make some educated prognostications in life.Add this to the information your processing - What your talking about doing is eliminating around $4000 or interest expense (which is deductible anyway so really could be a real impact of eliminating $2800 or so) of debt in exchange for paying over $10K in capital gains tax (don't forget possible state gains tax as well).  

You likely only made a down payment of 3-20% ....but you still get to write it off on the full value across 27.5 years.So 400k/27.5 = 14,000 ish a year of a write off where during the year you didn't need to incur an actual expense, no cash outflow. 

I do have a quality builder that could facilitate the build but not required for JV.Is this enough to bring to the table?