One option -- if your previous two years of tax returns don't accurately reflect your income -- is to revise your tax returns to be more accurate...  :-)

@Andrew Hypnarowski your business card is going to be received a s a reflection of what you do and who you are - this is how people are going to look at you.

Even easier is take a % split that reflects the interest.....don't forget the golden rule, he who has the gold makes the rules!

There are some criticisms that are universal (e.g. you are not going to achieve economies of scale with a small multifamily and they are more management intensive than SFRs) (4) Many of the criticisms are a reflection of my own personal values and lack of time.

That is simply what someone wants for it and often in no way reflects what they will accept.

Once construction is complete, the value will increase 30% reflecting it's retail cost.Your Play: Sell one condominium for a capital gain and hold one condominium for long-term rental.What we know:$700,000 pre-construction cost$140,000 down payment cost$560,000 Hard Money Loan w/ 7% interest ($39,200)----------------------------------------------------------------Pre-Deal Balance SheetAssets:Cash$140,000Liabilities:Owner's Equity:Common Stock$140,000Net Worth:$140,000----------------------------------------------------------------Post Deal / Post Loan...

Maybe I should revise my net rental income calculations to reflect 3 months instead of 6 months.

It's not because there is some standard prices that someone else could have provided to me, but more that I've worked with these contractors enough times that I know what they charge for different things.You'll get there too, I promise...In the meantime, the spreadsheet is a decent start.I'm going to email you my estimation spreadsheets as well...while they may or may not reflect prices in your area, it will be a good comparison point for you...

The interest rate is one element that usually reflects the risk you take.

So your cash flow will take the full hit in the year you have a capital expenditure, but your tax deductions will only reflect the deprecation.Don't forget about deprecation recapture tax if you plan to sell.