The property has functioned and will continue to function as a rental "as is" assuming you are not being forced to do any work.If it is not required you are placing your personal feelings/opinions ahead of smart business decisions.The business formula is buy, do only necessary repairs, upgrade only to increase rent, place tenant, earn money.

My mentor once said, "Earning a college degree (in a significant field of study) will never harm you in any way." it will open more doors than it closes.

He does get a split of any commissions I earn.

I consistently earn higher than that on mutual and other income funds.What this is showing is that the property itself is earning nothing on it's own and that your cash, which is creating 100% of the returns, is under performing.

My thought would be that I would bring a relatively small cash contribution but give most of the overall appreciation to the flipper, in exchange for the experience/knowledge that I would be earning and the promise to be the guaranteed first offer with predetermined price range when going to refi (maybe even with private hard money on family-member-terms).

In addition, if you have other debt i.e. student debt this will also affect the amount of income you will need to earn to afford that loan. 

You are in the best area to learn all different aspects right now just get out there and start learning and earning!

So you aren't just earning passive income, but you are also saving more each month. and that's not even mentioning your loan paydown, appreciation, and tax benefits you get as well.

Hi there,We've got one investment property now (seller financing) and we're looking to expand, so exploring what we can qualify for with a conventional loan.For the existing property, we put quite a bit of money into it to fix it up 2 years ago, so on paper, we're still operating at a "loss" on our taxes as we continue to offset our earnings with our previous expenses.

What is the percentage that is supposed to be earned on this deposit?