Within the answers, you'll find the framework for the guiding principals of your partnership.

Several hard money lenders in my state charge 10% or more as an origination type fee at closing, just trying to stay within the allowable framework while getting maximum funds to roll back into the 401k. 

Lastly, I firmly believe that it could benefit you in terms of connections and provide a framework for building a larger business irrespective of whether you want to invest in single family, multi-family, notes, or start an adjacent business.

Every jurisdiction is different, but it at least provides a framework. 

It gives you a great starting framework to understand whether the pay back will meet your ROI targets and will allow you to adjust the purchase price so you can do multiple scenarios to get the ROIs that you want.Also since the realtor is already saying there's room in the price, the other question is how long has the listing been on the market for and I'd definitely use my own realtor to help with the negotiation process.Good luck!

It is my preferred metric because it allows you to combine ALL of the REI profit centers (cash flow, appreciation, mortgage pay down, and tax savings) into a single analytical framework rather than just looking at cash flow and completely ignoring the other 3 as many newbies tend to do when computing ROI.

They will allow you to explore different paths, different languages and frameworks.

Using that framework you can get a clear financial picture for the investment to compare against others.

Who do you think has paid for and built the framework for you to so efficiently weed through thousands of properties with the click of the mouse?

Would investing in a commercial property within the allowed time frame work as a 1033 exchange?