I recently came across an off-market piece of property in Delta Utah.

Of course, some of the potential tenants want flexible terms at start to get themselves set up in the space. 

I rented a 4-bed house in Royal Oak, then got 3 roommates that I charged each 30% of the rent, so they covered most of my  rent.You can do the same if you buy a house:1) More rooms the better, if renting to fellow college students.2) Can YOU live in the basement?

@Chris Blackburn, while I can't speak to this specifically, there are a few red flags I see in your post.1: A Realtor has to be a member of the national association of realtors, an industry trade group primarily focused on your typical home buyer.  

Some of the areas that we invest in have some clauses in their zoning forbidding more than 3 individuals unrelated by blood or marriage from occupying the same unit. 

I drove to the house, explained the situation to the tenants, and emphasized that we needed to locate the leak.When the utility worker arrived, he wasn’t in the best mood.

Thanks Rob, I googled but couldn’t find the form in question.

To calculate the cash-on-cash (CoC) return for the rehabbed unit, take the annual rental income from the newly rentable unit and divide it by the capital invested in the renovation.Formula:CoC Return = (Annual Rental Income) / (Rehab Cost)This will show you the return based solely on the funds you put into the rehab.

Asking in the correct forum will get a better response.Need a spreadsheet or form?

@Bruce Lynn💯 Add in each investor is different.