To summarize, I'm looking to acquire rental properties, mostly turnkey.

@Adam L. to summarize, yes the price was too high

These can be summarized as follows:What are the objectives of the joint venture?

To summarize:1.

The goverment wants people to provide housing to others.Corporate tax rates were slashed and pass-through deductions were implemented in the TCJA to promote entrepreneurship and start ups.Energy-efficient tax credits exist to encourage people to go green and purchase environment-friendly goods and products.I don't need to explain why there is an abundance of oil and gas tax credits and deductions.Where you see a tax credit or deduction, a trained eye sees an opportunity.If you (or someone you hire) knows the tax code, how to read it, and how to apply it, you are able to structure your investments, businesses, and financial moves in a tax-efficient manner.So, I guess, to answer your question - in my opinion, the tax code is fair but only if you know how to navigate it.Again, this is an overly simplistic summarization.

This book is good because it summarizes all the best podcasts that he put together.  

I don’t really want to do a total remodel but I’m excited about putting in a little bit of TLC and sweat equity to do some basic stuff (painting, trim, flooring, replace appliances, outdoor cleanup, etc) to make it nicer and more appealing for myself (since I’ll be living there for a while) and also for my future tenants after I move out.I’ve been doing a little bit of looking around on the mls (via Zillow) just to try to get a feel for some price ranges in the different sections of the city and surrounding cities/towns and I think I might have found a pretty good deal but wanted to get some feedback on it and see what I’m missing and what I should be looking for.Here are the details: Location: Trailway Dr, Summerville, SCList Price: $149,000 (assuming it was purchased for list price)Down payment (20%): $29,800Closing costs: $4,000 Total amount out of pocket: $33,800 Assumptions:rental rate: $1,550/month (median rent for that area from rentometer.com)Insurance rate: 0.50% of sale price (estimated, I haven’t gotten a quote on this)tax rate: 2.03% for rental property (from Berkley County Website)Vacancy/Loss %: 5%Repairs %: 5% of Gross RevenueCap Expense rate: 7%Prop Mgt fees: 10% of Gross Income Mortgage interest rate: 4%I have an excel calculator that I built to learn how to evaluate deals like this but I'll summarize the numbers below. 

I have another tab that summarizes all my individual property tabs.

Summarized based on your projections below, but you may also be missing some other things like gas/electric/trash/sewer/lawn care/etc.

TValue looks great if it could now only summarize each loan on a detailed screen.