What percentage of your practice today is in real estate?

simple method.  10% x amount of loan x percentage of year borrowed.

Not to mention since it's a multi,  a percentage of the rents from the other units count as income that would help analyze the loan amount from a bank.  

He came with the majority of the knowledge and money so I am getting the smaller percentage.

I got a few bids from contractors I've never used before so I'm thinking about not paying them until job is complete cause I know sometimes they ask for a percentage up front at least I have been asked I never had a problem cause I i either used them before or they where recommended.

I will also be asking that the profit percentage takes in the equity paydown of the four years and that I get a cut of the cash flow from the rents to October, although again, not sure how much of a % of these is right?

Taking all the comps in the same subdivision takes into consideration the maturity of the subdivision and per centage of the built up lots.

George time is a killer on rehabs because of holdings costs and the right market timing on selling.I would find out if your market is REO or short sale driven.I have other broker friends across the country that list REO for residential.Big banks are almost finished working out a settlement with the government on the ROBO fiasco.Word is later this year banks are going to start shredding the backlog of shadow inventory.This will put extra downward pressure on many markets for price and concessions given to buyers while increasing holding times.What I tell investors is to analyze at what percentage your market is stabilizing,appreciating,or declining.What you know is what the market is doing today.It's hard to predict the market in a few months when the rehab took longer than expected.I would price it within the bottom 50% of Actives given they are not grossly overpriced.Pay more attention to the recent sold's.You do not want to chase the market down.I don't know how many times I have seen sellers of any property type price high and chase the market down.If they would have priced correctly they would have sold much faster and for more money in a declining market.It sounds like you bought into a marginal deal with heavy holding costs and longer repairs.Best thing to do is too dump it quick and move to the next one where experience will get you better margins going forward.Good Luck

We would use 200K per year income as an initial goal between both of us to measure.I've been working on a model to try and forcast the amount of cash flow we would be making based primarily on assumptions around a cash-on-cash percentage.

Just know that you are in the minority percentage as over 90% who do that very same thing - FAIL!