So your cash flow estimates should be AFTER your set-aside for future capex.

Do the estimate on how much each week rented will earn you, and if waiting to save another bit on furnishings will be worth the extra time.The other factor is if there are any other areas that need decorated/ furnished.

I estimate that the market rents on the unit are around 1000-1050/month and the price is around 125K.

I am estimating that there is still about $5500 worth of work to complete the project plus the dishwasher, refrigerator and some bathroom items (that I have already paid for).The gentleman and I still have a relationship and he is paying for a guy to come work when he can afford it (telling me he is building mobile homes for $12/hr during the day and managing the night shift at McDonald's to cover bills and my work).

Hello Xiomara,You can add to the offer a condition that states something like "conditional that my partner(s) agree on the deal and visit the property".There is plenty of ways you can exit (financing, visits, inspection, costs estimates, etc) but at the end it's all about how you want to do business.If your intentions are to get out of a deal 4/5 times....Well you might have to find buyers before deals and show them this deal as the kind of deals you bring in general and agree with them that you will reach them when deals like that occur.Talk to you soon.

I've had a few contractors walk through so I'm comfortable with the repair estimations. 

I'll have to save up for that every month.I estimate the cost to replace those 2 water heaters, run a new gas line, and install another gas meter might be $3,500 - $4,000 including labor...

I have started to see some softness in multifamilies in the Cambridge area in the $2+m range. 

Most agents will do a walk-through and home value estimation at no cost.

built 1955Annual Taxes $4,190.40● 2 2 Bedroom units rents $550● 9 1 bedroom units rents $450● 5 large studios rents $350● 5 small studios rents $300Total building sq ft 9,664NumbersMonthly Current rent $3,525.00 (all tenants )Total $1,186.07Cap Rate 0.32There no comps but property can be value over $200k once fully occupied and managewell.Your investment would be secured by property alone with purchase price under 100k.Repairs estimate 30-35k.I am proposing a loan of $95,000 with a open line of credit for repairs for 5 years, withoption of early payoff.$95,000.005 years$2,000 a monthShould I request some equity percentage like 50% when the sale happens or cash out refinance to pay back the principal in 5 years which ever happens.