I do the initial property inspections and send details about the repairs, comps, and lots of photos.

HOWEVER, the tenant needs to initiate it.

I use this process for initial rehab estimates a lot before I go out and get actual quotes. 

This is how I initially started in real estate and I quickly saw the value in becoming a lender.

I would have them initial next to the clause in the lease acknowledging it.

She is holing 51 percent of the company for credit purposes on paper, but will maintain as a silent partner.Our initial idea was to Refi her primary residence to capture the existing 140k of equity in the home and to take that over to our new LLC as starting capital.We have hit a months long snag with the bank who is requiring a co signer as the only way to move forward.

If they are net, then a 2x multiple would imply your $50k will turn into $100k deposited in your bank, but not net of your taxes.Multiple is the sum of all distributions received divided my initial investment amount.  

Since refinancing is just getting rid of your old mortgage and replacing it with a new mortgage, the same initial rules apply.

Anyway, due diligence is a checklist process...and the first 3-days in contract are fast paced to keep you protected....the initial goal is to preserve your capital...that means a contract clause requesting an agent walk through with copies of all leases, rent roll, and income and expense reports within 48-hours is standard.

I didn't mention this in my initial post, but we also have a separate emergency fund already running for this startup, with about $10k saved so far.