Trying to utilize for all functions.

As far as structuring the partnership goes, it seems like at this point you will functionally be an agent on this person's team . . . in that case you'll want to dig into 1. what are the commission splits (yours/theirs) and what responsibilities will you perform on the behalf of the mentor/leader and what remuneration will there be, if any.In the future as you approach a different form of partnering you may find it good to form a business together and flesh out an operating agreement. 

@adam @Adam Sankowski as long as your fixtures are functioning properly, water usage isn’t going to cost you a lot.

Anywhere below $100K for a functional multifamily in the city proper is pretty much limited to Homewood now.

I’ll definitely utilize those functions going forward.

He didn't spend a bunch on any frills but a clean functional and perfect rental "finish".

IRR is a function of the time value of money.

But make sure they are functional. 

You're talking about getting financing for a residential property versus obtaining financing for maybe a residential property that will function as a business.

What I wish they had: If the landlord wants to lease themself, would be nice to have background check function and rental application, which most other similar services have.