By way of example, if you as the GP's identified this unique rear yard development opportunity that others overlooked and acquired this land at a low basis and/or obtained all of the entitlements where there is imputed equity and let's say a bank will now finance the property at a higher LTC than normal transactions, that is an example of why you can justify more favorable splits.

I know that’s not the typical response for an investor, but I do things a little out of the box, and it has provided me well so far.

This will bring cash reserves to over $200k which is more than we typically keep. 

Hey @Mitul Gandhi - Generally speaking, the neighborhoods in Chicago that have the least taxes are going to be the neighborhoods that have the lowest property values.Properties that have been renovated (and a permit pulled) will typically go up in taxes because the city knows that there were improvements made.

Detroit for example, has increased a lot but is still affordable to most investors.

For example, think on capex for each of the respective properties and the timing of respective cash outflows. 

These expenses would be reported on Schedule E (Supplemental Income and Loss) of your tax return.Since you incurred these expenses before you started renting out your property, you can typically depreciate the cost of the furnishings and any improvements made to the property over their useful life.

For example.  

Or use the $300k as the typical 20% down, would give you $1.50 million in buying power.

today's vacancy rate...... at least if one want to really desperate to invest ,look at Baltimore for example.