It’s an old building but solid and cute. we were looking for something while we get everything all set up to buy our own house AND inherit my husband’s mother’s house. no application, no fees, no pet fee or pet deposit.

Landlord is responsible for HOA fees, Water, Trash, Recycling, Snow Removal and Landscaping.Requirements: Income at least 3x monthly rent. 650+ Credit Score or Qualified Co-Signer, No Criminal History, Completed Application. 1x Month Security Deposit.

You could give the tenants 2 or 3 color options that match the existing color scheme and let them make the final choice so they feel like they have a voice in the process. 

Their reservation is a soft reservation, because they didn't want to pay the deposit to hold, which is non refundable.

I got approved for a hard money loan, through networking partnered with someone for their experience to get better terms, then found someone to gap fund (my barber of all people) and I put the deposit down and ran the project.

This leaves us $4k per month that we have been absolutely wasting.My employer offers a very generous 401(k) plan with a 6% match and a 3.5% non-elective contribution.

Unfortunate this tenant has never been changed a security deposit by the previous landlord.

As a side note: The cost of simple repairs and maintenance is paid out of the Operating Bank Account.Other Savings reserve (fund this account monthly with in an amount to cover contingency matters, such as vacancies, etc.)Security Deposit reserve (transfer all Security Deposits to this account).Other reserve accounts may be set up for other matters, such as Tenant Rent Deposits.To clarify matters, there is one Reserve Bank Account. 

Also this partner would be contributing most of the capital for the purchase, and I would be doing most of the work, is it possible to set up the TIC so that the partnership would be split up 50/50 like this, or does it require that % ownership match capital contributions?

Many non-deposit mortgage lenders will charge just a flat fee to originate a loan.