I’m just not sure how to calculate an appropriate payment schedule.Thank you so much and sorry for the elementary question!

In a situation like this you want to find out why the occupancy is so low and what needs to be done to get it to appropriate levels.  

I’d like to get a grasp on how to best determine this for myself on future properties.When we review a property, we have licensed contractors tell us what needs to be replaced and they pull the appropriate permits for those items. 

The seller's agent is certain it'll appraise appropriately and the loan won't be an issue.

Now I'm told that it's not appropriate to sign an exclusivity agreement for a REI.

We followed the rules set forth by the laws, and if you are not nice, then neither are we.4) Submit your request in writing to the appropriate person/department.

Maybe in your agreement, you are all equal partners, but you document your hours at the project and pay each other hourly for being at the site to do work (whatever is appropriate for your area).

What would instead be needed is a corporate or LLC resolution appointing an appropriate individual with capacity to execute and bind the entity.

If you only plan on using 400k for purchase, an exchange might not be appropriate - pay the taxes on the gain (and depreciation recapture).

I don't think the house will cash flow appropriately at the current value.