We were all out for 4 hours last night around the fire pit & no bites & I rarely use repellant, but should.This is the view from our kitchen as the sun set....

. $800k you can find something..You can get in Burlington a rare duplex with basement so 3 units..

They rarely, rarely make good on their promises, especially when it's someone younger living in a roommate situation.

Cap rates are basically a measure of what the market value is for a property .. people use them to compare commercial properties mainly bc they are rarely similar . eX you can compare a 12 plex vs a 30 unit. 2.

@Carolyn Hodo both of my parents combined have a really good income, but my mom doesn’t have credit and my dad had some medical expenses that ruined his great credit score.

It is not Income, it is typically a combination of "equity" (CIF - Cash in Fist) and "debt" (loan - HML, PML, traditional bank). 

I'd think 15% combined with CapEx.With a SFR, the tenant usually pays for all utilities, so you can remove electricity and water/sewer.Add in management (10%), even if you plan to self-manage in the beginning.Confirm your property taxes.

Hi, @Paul C. based on your highest rent ($2200) and lower corresponding ARV ($390k) here are my numbers once it's rented out:$2200: GSR($110): Vacancy - 5%($330): Repairs & CapEx - 15% combined($220): Management - 10%, always include even if self-managing at first($177): Property Taxes($177): Insurance ($1581): Debt Service - $312k mortgage at 4.5%, 30 year= ($395): monthly cash flow3 months to renovate, doing it all yourself?

Given your friend’s apprehension about being the primary investor/lender I would use a combination of your capital (5k), a smaller amount from your friend and hard money.

Let me tell you how hard it is...I put in about 5 minutes and $5 of my time and money fixing both those issues, combined.