He would put down 44k that is what he has to put down total including all closing costs.

All of the units are currently rented.I plan on raising the total rent to $3400 (it is currently under priced)I plan on putting $5-10k into rehab At the $271k price I’m looking at an estimated -$26 cashflow loss while my wife and I are living there and a $355cashflow gain when we leave.$391 doesn’t seem like much so I may put one or two units on AirBnb.

It's totally up to you but I think very few investors would suggest less than 7% on anything with 20 units or less.As for repairs, the 10% you have total is for reserves (I think these are actually pretty good numbers depending on the age of the place).

One 2 Bd apt. and two houses, 5 bed's each.Financing Approach:80% Bank20% 10% down payment10% seller financing - terms to be negotiatedAnnual Financials:-5% vacancy (the market is emerging and vacancy is very low - we know this because we own a 4-unit in the same area, purchased from the same seller)-Rent roll: $55,800 - can be pushed up by $4,800 conservatively after rehabbing-Property Taxes: $4,277 -Insurance: $1,619-Maintenance / Capex: $11,160 (projected - 20% of rents)-Water / Sewer / Utilities: $6,200-Property Management: $3,600 In summary:At purchase:-$55,800 gross income-$21,903 total expensesPro-forma:-$60,600 gross income-$22,529 total expenses We want to get your thoughts on this deal.

Obviously, LA is one of the most expensive markets in the country.

•Total rehab was about 3 weeks but it was done 1,2 hours at a time on my lunch break and Saturday mornings.

Ok so lets be realistic, obviously new investors or amateurs aren't going to be able to get professional investors to give a majority profit on new ventures , but what is the best way to start a partnership percentage speaking?

It does not say anything that I am suppose to provide a form then again I don't know if Texas code picks anything up and mandates that a landlord is required to provide a form.I am making a form up now for my property the tenant is suppose to move in actually two months after commencement technically the property was considered good to go five days after the initial contract signing then there was an issue with the house regarding water coming into rooms and mold that was obvious and smelled in another portion of the house.I spoke with the tenant they are cool with me providing a form at a later date projected to be November 1st, 2018

So I do look at it as a long term opportunity, it's just not totally clear what new gross rentals the value-add renovations will bring (which I classified as repairs in the calculator).

Its based on some fancy algorithm and obviously doesnt take into consideration the interior of the home..