Our price range would be around the 200k range.

Just started my property management company (Erdoglyan Property Management Group) Would love if someone can help me out with leads, I can offer a referral fee ranging from $300-$1,000.

A common arrangement would be for all equity contributed (his 20% and your $50k) to the project receives an annual preferred return based on capital contributed, typically in the 6-9% range, followed by a split of remaining cash flow between the limited partner and the general partner.

He has worked on financings ranging from commercial real estate, tech startups, Hollywood productions, delivering private aircrafts to international airports, and many things in between.

I’m seeing places in the $350-400K (single family) range and an online tax estimator is saying it could be between $8-9K per yearIs this what I should be expecting a year or two after purchase?

@Jacob Scholes the appraiser will do a projected rents schedule and whatever you submit as projected rent - as long as they appraiser justifies that it is within reasonable range is used.

It's also best practice, in my opinion, to make the 'base' purchase price offer a reasonably high amount that should be acceptable as is, rather than low balling and having a huge range for escalation.

Rent on a 1/1 here would range from 500-650.

I have seen some really nice houses in the ~$500k range, but I struggle to see how it would be profitable year-round.

It'll feel like drinking from a fire hose at first as you see how broad 'real estate investing' is as a topic, but there are a lot of great people here very knowledgeable on a broad range of topics and experts in nearly every market.