@Aaron Mazzrillo you can't assume that everyone wants the same goals that you do or the same level of involvement.  

And my level of patience differs.

Something else I've heard is putting a TV inside the unit on a timer, so it's on from say 5pm to 11pm, giving the appearance of someone being home.Your price looks more than fair for your location and level of rehab. 

It needs floor refinish and paint on the main level and some light remodel/modernization on the baths.

Have you heard or done the seven levels deep exercise?

Get ready to go t the next level my friend.  

You can play with the numbers at any level you want.

In my limited experience, I find it to be rare that people go from one rent level to a much higher mortgage payment.  

The Ultimate Beginner Guide (UBG), does an admirable job of getting you familiar with REI at a very high level, which then will spawn more questions.Ask those questions out here on the BP forums and listen to the BP podcasts.

So I’d be on the hook for 20% of the startup cost and would hold the same amount of equity in the LLC.We are currently looking for real estate to purchase in the LA area as the first deal this company does.I wanted to post a general high level summary of my situation to get the discussion going and see if other BP members are involved in similar situations.