Some must be using PriceLabs because it’s so common. 

This is not meant as solicitation or advertisement of services. 

@Nate McCarthyProfit Splits and Contributions:Dividing profits proportionally to investment (2:1:1) is common, but you could also account for sweat equity if one party is doing more work.

High 6s to mid 7s is more realistic for the most common deals (70%+ LTV).Also, the FFR doesnt really directly impact mortgage rates.

The profile of seller who uses a wholesaler is commonly anti-broker.

And you can do it with little cash, 5% down conventional is better than 3.5% FHA.House hacking also gives you a chance to cut your teeth in all major skills: analyzing deals, buying process, financing, working with contractors, advertising for rent, background checks, property management.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

You also have to think about outfitting common spaces, how your going to do that, and how your going to do it in a way that keeps the "village" happy and nice with everyone.

I’ve never had this specific issue but mistakes like this are pretty common. 

Not super common but I built one development where this was how the sewage was handled.