Looking to find rentals in my area, preferably near colleges like you said @Paul Timmons.

Obviously, over time, the property should slide solidly over to the preferred side on both of these.

If you are serious about the property, find a local structural engineers that specializes in residential construction and preferably rehab.

Equity gets a preferred return of 8%, then I get a developer fee of 6% of costs, then all add'l upside is split 50/50.

Hello @Paul Hector since no one is chiming in perhaps a good idea would be to contact a local realtor (and one who's investor friendly preferably).

We prefer the single homes over all of them.

@Joe Gore I am in a position to close on it myself, I would just prefer to wholesale it.

Quickbooks allows you to create custom reports, so just create a report for cash flow by class.

However, if the area is very cold, I'd prefer to invest a little bit more for a dual fuel system.

Some people will also tweak points or interest based on these things too, but for me I prefer to keep that mostly constant based on market expectations and modify the LTV I'd consider.As long as I have the first lien, I don't much care about how any secondary money is worked out (JV, or otherwise).