If so, did your rent change to reflect the nicer place?

In the mean time make sure that all bills are paid as agreed.Your credit score reflects what has gone on in the past.John Corey

Multifamily dwellings are underwritten with financial assumptions, usually tied to a trailing income statement that reflects revenue and expenses over time.

It is changing for sure the more new construction going on getting more people from "out of town" moving in but the rent rates still don't reflect the change.

Mortgage risk as Dion mention is not reflecting any occurrence that measures the risk of a borrower, it's the lender's risk.

I understand the legal considerations of needing my lease to reflect state laws and be compliant.Are there individuals here who managed remotely successfully or any strong opinions on why to use a PM company?

Treat the money like a loan paid back on rates that reflect the experience of the flippers and then split the profits after that, which to me would be 60% A / 40% B#2. 75% A / 25% B (50% goes to the money and the rest gets split even for the labor) My question is, is this a real scenario that already happened without a business plan and contracts signed before the flip happened or are you working this out before the deal to see what is fair?

Since the LLC will be pass-thru income, I think I'd ask a CPA, but most people I've seen have a holding company for organization/simplification - Assuming all principals are the same.On the 50/50, realize (I'm guessing the operating agreement reflects this), to make any major decision (like CapEx or selling), you'll both need to agree.You may want to ask an atty about structure also since I've seen a partner get divorced and then you get a 3rd party that probably dislikes both of you.

The market reflects this class in the $/sf of transactions that occur in that neighborhood/city/zipcode.

Please note that the rates quoted are roughly reflective of today's going rates and may vary.