These are not actual numbers but just for illustration purposes - though look quite realistic for the market I am considering based on Zillow, FurnishedFinder and other sources.Vacancy rates for MTR are low due to an acute shortage of nurses. 

I am a buy and hold investor in Florida looking for an asset based lender to refinance a Condo .

Never a bad idea to look at the comps - this should help give you some direction based on your specific market.

If I get multiple apps I will start with the ones that appear to be the best qualified on paper (based on income, length of lease desired, past rental and employment history) and I'll run those first.  

There are certainly people who skirt the rules by not disclosing the nature of the downpayment money or where it comes from but it seems like your partner is doing this the right way.

Martin writes about measuring your current cash flow based on your current equity. 

I have investors looking at building out portfolios and while I am based in St Augustine, Florida (tourist destination and many STRs), I would like to find out from the BP audience where you see the opportunities.  

So is your half of the profit based on you finding the deals, and negotiating the deals?

This gives me a Net profit of 82K which is an Average Annual ROI of 57.4% based on the total 18k investment.

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