DTI= $55K/$108K = about 50%From reading, it seems to me that part of the reason banks take 25% off of the gross income is to cover for PITI, so it would seem redundant to count it again as in example 1 above.

.- future assumptions: 2% annual income growth, 5% PV growth, 2% expenses growth, 6% sale expensesBigger pockets tool sheet with above data:Cash flow: $916/monthCash on Cash ROI: 6.65%-7.57% depending on rehab costsPurchase cap rate: 7.15%I know this does not meet the 2% or 50% rule but it seems like a good investment for the area.  

I'm fairly confident the current owner wouldn't want it to happen, because let's face it, he'd like to pocket the 12k and sell it for 50 again.Is there any kind of a play that will let me pay the remaining $38k and give my friend a few thousand so he's not completely out all his cash?

Varies by state, and my stays 50 bucks, others it's 100... you need a basic operating agreement as well.

Our plan was to pay off our loans as fast as we can, start a corporation to mitigate risk and start a joint savings account where we do 50/50 contributions to build up cash to invest. 

In my experience - albeit in Connecticut, and not Washington - is that anything in the area of 1% "rule" makes it very difficult to see significant cash flow - AKA not enough money to make it worth it!

Hey guys, I been following Grant Cardone, read the "10X rule" "Be obsessed or be average " etc but I feel like the Grant's message is a bit contradictory to what our BP contributors are suggesting(start small and work your way up).

About 25 to 50% of eviction filings I reviewed had a different mailing address in the appraiser site and on the court filing.

My structure I like is pref to equity group of XX percent non-compounded and then 50% promote on the back end.

The upside here is that oil is coming back slowly ($50/barrel) is being approached, Agriculture is not having the same water crises that it has been having in the past years, although water is becoming more expensive and more regulated, but you also have the expansion of new industry in Kern county as well.