Or would it be the total equity - so the difference between 450k and remaining mortgage of 120k?

Hey Troy - We totally get your struggle in finding the tax advisor, especially one who knows the ins and outs of real estate investing.

I usually provide our budget as well with totals spent. 

Investors can expect an unprecedented projected profit of “32.89% cash flow, 48% return on sale, total return 81.38%,” (28:12).

Seems like you just totally ignore my post.

Totally agree.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Is there a limit or target for what I should consider in terms of total return or cash on cash return for this strategy?

where is see a total cluster with Morby students is they are now selling their car's sub too.. can just see it.. sell a car to someone on facebook with the promise they will pay our payments ..

Here's a breakdown of the situation:Current Occupancy: 80% (16/20 units occupied).Current Gross Rent Roll: $14,265/month.Market Rent Potential: $17,665/month (100% occupancy).Renovation Needs: 15 units require full renovation ($10K/unit), 4 units are 75% renovated ($2.5K/unit), totaling $160K in renovation costs.Vacancy Loss: $41,820/year in lost income due to current vacancies.Cap Rate AnalysisThe seller lists the cap rate as 9.59%, but this is based on the projected NOI of $119,858 (assuming full occupancy and market rents).