I also have some GLD, swiss franc, and bonds that I can sell and put into some real-estate if things get really hairy.You can't predict the markets, OP.

I sometimes list for 3% to the co-op and 2% to my company. 4.5% total is doable but then it becomes 2.5% to the co-op and they are the people "selling" the home.

I think the OP is describing the lady next door that owns the condo and is trying to decide whether to sell the condo.  

Hoping to piggy back on OP question: looking for recommendations in Jacksonville FL area for community banks, portfolio lenders, credit unions, or any lender for this area that would have 6 mos. or less holding/seasoning period and 75% - 80% LTV for a cash our refi.

are two big players, providing Turnkey Investment op's.  

Connor Heim I'll admit I'm far from knowledgeable on taxes and how they're calculated, but the numbers in the OP are accurate.

Agree with others would not look at OP, for 2 flats.

@Nathan Click,Trouble is, of course,  "who has the gold" tends to be subjective judgement.The friend has the money and wants a return.The OP has the ability to produce a return and needs the money.So, who has "the gold"?

But that would be the OP's income from renting rooms, not his roommates income. :-)

I could choose to provide coin-op laundry service to the residence.From a business perspective, how does a "Motel" get away with renting rooms for 5 years?