I already had a BRRRR duplex that I purchased a few months prior and was being rehabbed.  

PECOs website suggests that it is ~3x more expensive for Oil compared to Natural gas.The heat is forced air if I remember correctly.

@Andrew Brewer I know this is possibly irrelevant but maybe it will be a good idea to compare what prices are state-to-state, but in NJ if you want something with nice finishes... $150/sqft... if you want something with "ehhh" finishes then you can probably get down to like 100-125/sqft depending obviously on how much work you give your guys and what kind of relationship you have with them.

You analyze market rents comparable to the lease.Developers like to build in TI into the leases which can sometimes push rents higher.

Prior to that, you may be able to get a loan based upon the appraised value, but it will typically be at a lower LTV which will basically put you in the same position as if it were based upon purchase price.

@Clyde StackhouseRenovation expenses prior to having the property "rent ready"should be capitalized and depreciated as an addition to basis.

(preferably transferred directly to you and hopefully not back to Tenant and then to you or worse not transferred at all)Would you be able to meet the current Tenant's prior to closing?

Hi everyone,I noticed that www.realtytrac.com provides comparable sales value for properties.

One idea would be for me to contribute 20% of the funds plus everything mentioned prior while he provides 80% but we split the profits 50/50 what are your thoughts and/or experiences?  

Now I used to work as the Lender on some of the most highly structured, large balance CRE loans in the nation - and I remember one loan document that required the repair process to have begun within 10 days of the loss and repairs had to be fully completed one year prior to the maturity date.