With that being said, I would probably bring in a property manager regardless - they'll bring experience to the table for your first transaction in the market, and will also be able to help firm up your operating assumptions when analyzing deals.All the best!

The listing agent may have combined both living area and basement area in that assumption (as she did on Comp 3 - she was same agent).

The listing agent may have combined both living area and basement area in that assumption (as she did on Comp 3 - she was same agent).

If the GP decides to sell earlier than the original exit date provided on the executive summary, its is in the best interest of the LP partners and the value is there for the taken.Your assumption comes off that the GP can borrow against it but remember the capital borrowed against it is generally returning capital back to the investors prior to the GP receiving any portion of it.

The best advice I can give you when it comes to college kids is to make zero assumptions - spell out everything and get them and their parents to sign the agreement.  

We have a couple options as I see it (using an assumption that the market value is say $800k for the purposes of this discussion): Dad takes out a loan to "purchase" the house from the estate and arranges to give my aunt $400k.

A 40k 3bd 2bth house in ohio has a mortgage of roughly 300 monthly with  20% down. Rent in the zip code of 43204 for this is on the low side 700 monthly.  The fee for property management, since Im out of state, is 100...

Hi, I had a question about loan assumptions.

That is not an unreasonable assumption. but it is an assumption.

I am making the assumption that you have already run the numbers and determined this would be a cashflowing rental either way (whether you financed or paid cash).