I think you operations and maintenance budget is too low.

You would need to have your attorney draft an operating agreement that would spell out who is responsible for what and if X happens, then Y is done and so forth.

After X months, the property is stablized (repaired, rented, operational) and rented for $1200/month.

We are lucky in that our son (and partner) does 3D renderings, and is able to do virtual staging, etc., so that helps tremendously.

I believe they referred to D properties as areas with regular violent crime and C properties as areas with regular non-violent crime but virtually no violent crime.

Gas is much cheaper to operate.

Money paid to set up a good structure that will meet your business needs for years to come is a very good investment.New as well as the savvy investor needs to consider having a good attorney that you can have a relationship with in your area of operations.

Total monthly operating costs should be $2250.In terms of the deal split, my partner would be the person who sourced the property opportunity and who will serve as general contractor.

You, You need to have an operating agreement with business partner.

In fact, we're re-financing it and pulling out enough to cover what we put down on it + the air conditioning repairs so technically we're operating on infinite returns now.