Once you cross into this world, your costs of raising capital go up significantly.Another downside with having "money partners" take equity in a holding company is that they become owners of all assets of the company (and inherit all liabilities).You could accomplish your objectives by simply forming a joint venture with an individual money partner on a per-property basis.If you have not done so, give Steven Cohen and George Dubé's "Legal, Tax and Accounting Strategies for the Canadian Real Estate Investor" a read - it's and easily digestible primer on the subject.  

Our property manager is going to take a look as well to make his recommendation on rent.2) I agree - there are several duplexes on the street that are renting for $795 but I do not want to count on getting that level of rent so I ran the numbers lower.  

Good luck in your adventure and hope to cross paths here on BP again. 

Situation:  I own  a three family house, fully rented, through an LLC.  I'm the sole member.  The LLC didn't take any debt to find the purchase or rehab.  I have some personal LOCs I've used, plus significant cash.  I...

Offering forms and assistance is clearly crossing that lineI would step away and inform the seller that you would happy to provide your services once they are not under a listing agreement with another broker.

The value of your own labor doesn't count.

You would need to talk to an attorney to understand how to not cross the line from selling leads to acting as an agent.

You should be able to count 75% of the other units rent as income when the loan office is figuring your DTI ration.  

Approach those first and then work your way down the list.Look at traffic counts in front of your site.

Often times the legal 2 will have the basement height but for loan purposes for fha for example it will count as a 2