I work a lot with MVC frameworks like Laravel, and just generally enjoy back-end development, working with APIs, etc.. 

Negative initial cash flow, but increasing over time.The above are generalizations and do not apply to every single property at every single point in the RE cycle, but it is a mental framework to understand some of the dynamics at play with pricing premiums in different markets.

We only have a framework to operate from.  

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.