Check the value with comps.

As per county records, land value was $190k and structure value was $474k, total value being $664k.

Value add, which means a non-performing asset wouldn't even achieve a yield on cost of 7% after rehab and brining it up to performing status in Dallas.

North Broward Area (Undergoing Gentrification)Type: Triplex Units: Two /1-bedroom units Current Rent: $1,500 per unit, month-to-month leases Tenant Quality: Great tenants, familiar with the neighborhood, payments made regularly with sufficient funds Potential Rent Increase: Neighborhood improvements and upcoming developments suggest potential rental rates could rise to $1,800 - $2,200 within the next two years Upcoming Development: A new $2.2 million road is being constructed in the cityCurrent Market Value: $680,000Current Cash Flow: $1,500 per unit, 3 units totaling $4,500 per month Condition: Needs some work Price: $435 ,000This property is a prime investment opportunity in an area poised for significant growth and appreciation.What do you think?

Private lender How did you add value to the deal?

The $35,619 renovation budget presented a clear opportunity to add value.

The $67,150 renovation budget presented a clear opportunity to add value.

I do like that Doorloop is one software and one system, I think that there is huge value in that. 

If each partner contributed $20,000 (1/3 of the build cost) then you would pay them 1/3 of the home value ($40,000).

As a result, it seems the value is really just very long-term and if we sold it in the future, any repairs and taxes would cancel out much of the gains (depending, of course, on the pace of appreciation -- who knows what that'll be?).