For example from Boston to Ohio, if Ohio typically cost 20% less than Boston per RSMeans, i will only do a 12-15% difference to give myself a buffer.  2) Labor & Materials -Break down and itemize the scope of work, and then allocate costs based on labor and materials.

I'm hoping this is just because I am messing up on my inputs so I'd like to get some other opinions.Here are my parameters:I'm a first time home buyer and projected to have $160k - $180k allocated by October for down payment and closing costs with an additional $20k - $40k allocated for repairs.

The seller also knew the only reason I’m buying her property is because of the permits and licenses, if she had told me that she can sell me the property but permits and licenses  woudnt be transferred I would have never bought it, the fact is that she told me the opposite promising me and garunteeing me that the permits will “transferred” to me through allocating 100% of shares in the holding llc.

It's worth more than that $210k property in some obscure part of the country.If you're going to allocate capital, a safe bet is fed funds is not going to be south of 1.5 or 2 for a long time, your yield on equities isn't going to be this 8-9% people got from '12-22, it'll be 4-6%.

I'm hoping someone is like hmmm $30K, 0% interest, pass back some depreciation via Special Allocations for Partnership.

That's just from what I remember.Also you may have allocation calculations but I may be misremembering.Definitely want someone from Ohio in my opinion.

The profit or fees earned from other parties by transactions associated with the Joint Venture by either PARTNER shall constitute profit, which must be credited to the partnership to be included in the ALLOCATION of profits (see Allocation below), to each partner.

Accounting system should help you allocate that.There's different wants to go about it.

We use Quickbooks and allocate the expense to the particular property by class. 

Marketing and Advertising: Allocate a marketing budget based on local advertising rates.