I’d also add a one-pager for ‘security deposit disposition’ which says 1/2 of the $xx deposit will roll over into the wife’s new lease and 1/2 will be returned to xxx at address.Once you have the signed docs and the whole deposit from the wife, return the deposit to the husband and you’re set.

IRR is designed to calculate performance of an investment in its entirety (from inception to disposition).

Without reading the comments and from working at a REIT who deals in commercial props I’ll tell you if you want a deal it will be off marketYou will never find margins on the market as those are the properties no one wants when brokers take them to their clients....thus they get listed.Commercial real estate is almost all off market deals...at least the ones even worth analyzing....don’t get me wrong you might can find one but they are few and far in between.I look too and know this from my own searches but mainly from my day job and acquisitions and dispositions I see internally that we do.

Because no one is going to help you, you must help yourself - we are all that middle point around which the world revolves - and it's up to you to own it.So when our friend Lydia thought, 'come on dude, put some of your time and thought into it,' it's because, like me, she's probably seen a lot of people approach this biz and we now see at a glance whether they have the skill set, disposition, and self-starter attitude required for it.For example, I used to tell people, "You should consider getting into real estate," but when they text me later that evening asking me what website they look into licensing courses on, I realize I made a mistake, because I'm not going to Google That For You.But take heart, because these are all learned skills, you just need to focus on learning the right ones. 

I agree that if you do not have the equity in the property in order to return the investors initial capital injection, they would remain partners until disposition.

As someone mentioned above Argus is a very advantageous tool to learn.While networking is important what's even more so is becoming a real estate strategist, and learning the ins and outs of real estate in all facets (acquisition/disposition, construction management, lease negotiation, property management, lease administration, etc.).If you're analytical, that's a huge plus.

Determine your cash flows on a yearly basis, including your acquisition at year 0 and your disposition at year x. 

From buying, to stablalizing, and then disposition.

Today, with Airbnb, there are more opportunities to rent these properties easily in the off market season, as long as you adjust your pricing.For disposition of these properties, often they sell well when the economy is doing well. 

You are obligated to return a Disposition of Deposits Statement and refund with receipts in 14 business days.The rental market in Chandler is super strong, market the property right away, most likely rent wil be increased over the last lease and you end up with a new tenant for at least a year at little to nothing out of pocket.The tenant was wrong in many ways, didn't have the right to leave, etc but if you focus on what you can do you will have a rented property performing better than it was previously.