On the ones we put skin in the game, its a percentage of how much we are putting in, then the assignment is recorded in that percentage.

Is there a way you could do some type of joint venture agreement where he keep 10% in and then he gets a % of the profits from the building and when he's paid in full his ownership percentage disappears?

They charge a higher percentage but include basic maintenance and repairs as part of their percentage.  

You are certainly right about the management and vacancy percentages; I am only making sure I cover my bases for some years down the road when I may not be living there anymore.

Electric is a very popular heating source and is found in a high percentage of older homes.  

Sounds like you've got some opinions about it.Personally I've held several trust deeds (more than 50) and if I were to compare the percentage of trust deeds that performed at the expected rate with percentage of rentals or flips that performed at the expected rate, trust deeds wins hands down. 

So what are thoughts on a good debt percentage assuming a 20% roi for the long term cycle For rental properties.  

Of course you couldn't get as much rent - but with them being a relatively high percentage of rent you may do better net if the tenant is paying the utilities directly.Others mentioned your management fee looks low. 

Be sure and add in a vacancy factor and some percentage for PM when analyzing the property's NOI. 

Also I did not know what percentage to put in the typical cap rate for this area, any help with that would be appreciated.I believe once remodeled this complex could demand about 15% rent increase.Thanks for taking the time and for any advice you can give!