That said, do your calculations for cashflow include setting aside 15-20% of monthly rent for repairs, CapEx, vacancies, etc, etc?

K1s show your share of income or losses from the partnership, and you include it on your respective personal tax returns.Now, to your partners.

The deal sounded good at the beginning but thought it included his fee and it didn't so he's tacking on his 20% on every bill. 

In total, including money lost from rent, legal fees, and repairs, the situation cost almost $30k.

With this structure, lenders can offer more favorable terms, including lower interest rates, making your investments more profitable in the long run.

So does anyone have any guidance and ideas or know any banks that do rehab loans were all the money including labor is upfront and then we pay a monthly?

@Quan Pham have you investigated at all the potential increases in property taxes and home insurance (need to have landlord policy) and included them in your cashflow calcluations?

@Anthony Finelli check your mortgage paperwork for the Truth-In-Lending form to find your APR.APR is your effective interest rate including interest, MIP and closing costs.If you can refinance the rental at a cheaper rate than the APR, then you should!

I own several in Alabama, including one in Bham.

Brian Burke has acquired over half a billion dollars’ worth of real estate over a 30-year career, including thousands of multifamily units and more than 700 single-family homes, with the assistance of proprietary software that he wrote himself.