I am based out of Vacaville, and I also flip homes in the surrounding area.

Residential RE is based on what your neighbors pay so if you are all in less than they are every time you are doing well

View report*This link comes directly from our calculators, based on information input by the member who posted.

Based on the info in your post, my recommendation would be to turn these assets into well oiled machines and max out their NOI.

View report*This link comes directly from our calculators, based on information input by the member who posted.

They seemed good, and looks like they have prior experience managing the building I’m buying (based off the leases that were submitted to me) but way to expensive to what I’m use to … $137 - $184 per door (over 10%) and then $750 per door for the maintenance reserve. 

Quote from @James Jefferson: Hi, I have a family member that had a reverse mortgage on their property it's a 3b 1b 1 acre of land heats by oil no hvac and on well water.

You will most likely not be able to get a LTV based on buyer generated pro forms future projections.

Based out of Miami here, but also looking to connect with professionals in Charlotte and surrounding areas!

My proposal is to do the following:1) Create an LLC in which my partner and I are both owners/operators2) Have the title of the property put into the name of the LLC via quitclaim deed3) Have the Operating Agreement of the LLC outline ownership based on shares ownership model.