You might have an opportunity to appeal to further boost NOI. 

Either you are running a business - a people business, but a business nonetheless - or you are using your resources to philanthropically boost humankind. 

Finding the deal is typically worth 20%, so that leaves 30% that perhaps they could split with the managing partner (who is taking care of permits, legal, insurance, all the admin).What other methods could you propose to stick these guys into a real estate deal without them having to spend 2 years getting educated or birddogging/wholesaling in a market where the traditional wholesaling tactics don't work (there are NO lists to mail in Ontario due to privacy laws).Lets say they need about 40k cash boost to put their DTI and down payment funds in check, but more would be better to reduce mortgage insurance costs.

I initially ran the vacancy rate at 5%, but when we boosted it to 15%, that severely inhibited cashflow.The apartment complexes all around also boast <5% vacancy and they're not selling.I'm looking for advice on how best to evaluate this property.  

Morals of the story: 1) If you invest in D.C., I suggest you read the "Tenant Survival Guide" and understand every word of it.

@Brian Fouts @Adrian ChuYes, I definitely want to conduct my real estate business with a strong moral and ethical compass.

We have a moral and ethical responsibility to show our buyers ANY property that is listed for sale (regardless of whether it is on the MLS or not) When we start to work with buyers, we typically have them sign what is called a Buyer Broker Agreement, which contracts us to work in their interests (instead of ALL of the sellers out there).

It's more of a moral dilemma than something that can go wrong.I was asked by a newbie flipper for a loan. 

Thanks to everyone else for all replies, I very much appreciated it...Budget is up to 400k through a little boost from my dad (he wants his share though- fair :)I'd love to find something which works in Mount pleasant...

But we also have a moral obligation to focus on the “homeless.”