What are your assumptions that led to the percentages for vacancy, capex, repairs etc? 

With tenants currently residing in this property, I am going under the assumption that major repairs wouldn’t be immediately for each unit, but that is up in the air until I do a walk through.Is it out of the ordinary to request information with regards to tenants this early in the process?

If you can manage them well they can very profitable but you need to be ready for those problems.Property Value Assumption @ 2% - This is not true for most of Cumberland County.

I'm going to make the assumption that nothing is grand-fathered in. 

The assumption is that the deal would produce a great ROI and that the investors split the monthly cashflows (50-50, 60-40, etc).For those who have done partnerships or have recently closed on a deal through a partnership, what was your experience?

The Bank will not accept partial payment; it is $12k or Foreclosure; 3rd option - pay off loan or private sellI was introduced to this opportunity by a friend whose sister has this house and I have heard of these pre foreclosure types like this and need help understanding how it works and how I could help her without being too much of an investor would this be a wrap around mortgage, an assumption or flat out new loanDetails:Person is behind $12k, Owes $91K, Mortgage is $795 PITI.

My assumption is that we would work out a deal that looks something like this:Purchase Price - 400kDown Payment - 0-5%Interest - 2-4%Amortization at least 15 - 25 years5 Year BalloonI'm thinking that she would want to at least get something close to what she is getting monthly but I would like to settle around a 1500$ a month payment to her, because after taxes, insurance, cap ex, etc.

I am also going under the assumption that you are running the expenses (fuel, maintenance, insurance and ect for the unit) in the holding llc.

In addition, if the contractor job is a lateral move in the way of pay, then the assumption is that you can live on your current income, so if you were to take a higher paying job and do not increase your cost of living, you can funnel all of that extra money into your investments, which could catapult your investing activities forward at a rate much faster and with much more security than you can achieve with a lower paying job.

I was running my numbers on the assumption they were paying utilities, and I was only including water, lawn care, snow removal and taxes as well as a percentage going into maintenance and upkeep.