Calculate an allowance, up and down for each one of them. 

I bet there are plenty of owners in East Cleveland that would pay you to take properties off their hands.

We plan on looking into the numbers tonight using the calculators on biggerpockets.

If not, that's already a violation of the lease, but you'd have to let him actually move her in to be in violation.Best bet, give him his broker fee back and tell him you changed your mind.

But check out below what he said to me in regards to this: "First, there are depreciation issues among many other possible factors on the tax return which would be calculated into the K-1 numbers, along with the fact that there would be capital gain/loss rather than ordinary income.

View report *This link comes directly from our calculators, based on information input by the member who posted.

---I have been using the BRRR calculator and assessing various cities/states (because where I live, it's too expensive to make the numbers work) and finally found where the math works out. 

View report*This link comes directly from our calculators, based on information input by the member who posted.

How much money do you think I should be adding to my rehab budget if the property is running septic or needs a new septic? please and thank you

If that is the case then I'm pretty sure that what he is offering are securities and therefore such deals must comply with SEC regulations.I'm not an attorney so this is definitely not legal advice, your best bet to get clear on this is to talk to a real estate attorney first and also consult with an SEC attorney.