And your pro forma expenses are too low, beef that up. 

Just recently decided to form a partnership with 2 other guys to buy some investment properties.  

(even when they don't fill out a contact form) as well as visitors to your competitors.

Hire an excavation guy to remove the drive, then hire another crew to forma nd poor the drive.  

Form a legal partnership with all the outlines for who gets what, who contributes what. 

Market CAP Rate: 7% | Mkt Rents: $1100-$1200 | Duplex: 2 2BR/1BA Units Pro Forma Numbers GOI: $28,800 Effective GOI: $25,920Total Expenses: $10,400NOI: $15,520Debt Service: $12,427  Based on$165,000 Purchase price. @ 20% Down 5% Interest 30yr Amortization Cash Flow: $3,176 CAP Rate: 9.46% 

@Brandon Turner wrote a great post about things to consider as you form a partnership, it's definitely worth a read:https://www.biggerpockets.com/renewsblog/partnersh...Good luck!

Some thoughts, many of which have been covered above: first, what @Nick Mulligan said should form a substantial part of what you do, no matter what you do. 

Hey Cole good questionOutside of having trusted contacts, you have to look on sites like citydata and check rentalPrices etcIm actually working with a few people to form a collective and share ideas and opportunities...Feel free to connect with me or send me a message if you want to discuss

Like everyone had mentioned here, If he is in this deal just because he wants the tax saving, he needs to be an owner.Since you already have a LLC, 1) your LLC and he can form a partnership (not even LLC) agreement to invest in this new deal.