What can the partner do for the OP to split cashflow 50/50?

coin op laundry etc)You should still put away $ for capexare you making cash flow then?

The OP is concerned appraisal is not going to support the value of the loan until the repairs are made.

Keep in mind that the scenarios below exclude any deferred maintenance (which may be considerable for a 45+ year old building), which would be applied after NOI ("below the line") and other meaningful details such as other income, vacancy, etc.Scenario 1 - Assume 50% Operating ExpensesGross Rents:  $89,400Estimated Op Ex:  $44,700NOI:  $44,700Estimated Value:  (NOI/Cap Rate) = ($44,700/5.22%) = $856,322Scenario 2 - Assume 60% Operating Expenses Gross Rents: $89,400 Estimated Op Ex: $53,640NOI: $35,760Estimated Value: (NOI/Cap Rate) = ($35,760/5.22%) = $685,057

So I guess my long winded point was keep and open mind.. now that this OP posted this hopefully others will realize hey 50% ownership in an asset done correctly could be profitable to me and I have little competition because I have more knowledge than the average buy hold investor who are all doing the exact same thing..

Is saying I still owe him the O/P even though I didn't get a dime on his  estimate.  

Mortgage Rate 5.00% Length of Mortgage in years 30   Monthly Mortgage payment $342.22 Last Years Taxes $ 216.67 $ 2,600.00 Sewer and Water $ 100.00 $ 1,200.00 Trash $ 100.00 $ 1,200.00 Heat/Utilities $ 166.67 $ 2,000.00 Lawncare $ 78.00 $ 936.00 Cap Ex and Ops $ 200.00 $ 2,400.00 Insurance $ 108.33 $ 1,300.00 Mgmt Fee $ 180.00 10% Vacancy $ 180.00 10% Total Expenses $1,671.89     Unit 1 $ 450.00 Unit 2 $ 450.00 Unit 3 $ 450.00 Unit 4 $ 450.00 Unit 5 $ - Unit 6 $ - Total Revenue $ 1,800.00     Cashflow/month $ 128.11   Cashflow/year $ 1,537.31   Cash on Cash Return 6.61%  

But anyway, to OP question, I don't think this $14k issue is due to property tax values shooting up after closing.  

The banks and appraisers do not have the same flaw in their methods, so the OP would be fine as an owner-occupant and there would be no impact to the property's value, except to you.

To the OP, this is a seller's market and has been for quite a while now.