I am originally from the Boston area, which has a high percentage of MFH's.

Some folks get really hung up on what percentage of UPB they are buying at, and trip over dollars to pick up pennies.

Not much he does with this one$12800                    Rents $10400                   Earnings after op expenses & before dep & mortgage interest----------------------------------------------------------------------------Prop 6 - Storefront - unk sq footage or if rents are low$22200                    Rents$7600                     Earnings after op expenses & before dept & mortgage interest**************************************************************(Based on what he provided me - he earned appx $88k on the 6 properties before taking into account the 2 mortgages he has left and depreciation so unsure of what his exact cash flow was)I do not know the vacancy percentage at each property - he left the impression it was high, stated one of the large wealthy familes in town who own a lot of retail space have lured some of his former tenants to their properties while he wasn't paying as close attention as he should as they gave signs they were being courted elsewhere, however he missed that.2 Nationals and lots of mom/pops - no tattoo shops, no vape shops, no check cashing places, no liquor stores.  

Quite frankly, even if he did not ask you about the percentage of renters in the development, things like this come up on properties all the time.

My business will be whatever I make it, and I will pay them a percentage or flat rate for 1-2 yrs.

Like most, I pass on outright or get rejected on a high  percentage of offers.  

For example, form an LLC and capitalize it with investor money in exchange for some percentage of the ownership.

To your suggestion of 20% wouldn't that percentage = $8k?  

If you don't specify, then gains and losses are divided up pro rata according to your percentage of ownership.  

I've done referral before and typical percentage is 20 to 30%.