An example is using a 5% vacancy.

If I'm using a partnership to purchase a property, how is the deal typically structured between both parties?

Are you using a broker? 

Using a HELOC for the purchase price and self financing the renovation costs.

I am thinking about using a paper version of the rental application.

Current plan is to get two multiplexes in the next year using a combo of Heloc and cash as down payments.

I'm kidding, although, I did receive a job offer today, i was just curious of peoples experiences with skipping the bank and using a family loan that'd benefit both parties involved.

I'm using a hard money personal loan.

Heating bills have been rising a lot,  I would like to bill tenants for heat going forward.Has anybody billed tenants for heat when using a central boiler run on natural gas that heats all apartments ?

Anyone saving for retirement or leveraging the cash value to invest in real estate would be using a maximum over-funded policy design.