Once you have better estimates of income, expenses, and cap rate you can be more specific with your NOI and value estimates before and after improvements.

@Samuel Eddinger I look at CoC return on investment and cash flow as well as how I think the overall investment will hold up in the long term given it’s location. ie is the location going to improve, get worse, appreciate, depreciate.

The rest would be financed.Based on my calculations...IRR of 48% per year; 15yr holding period.Now since I am the source for this deal and will take all the steps from negotiating purchase price etc; bidding to lease the space, negotiate terms of the lease, oversee the tenant improvements etc.So the main thing the partner is contributing is the capital for down payment.Whats a reasonable partnership split for such a deal?

I'm guessing that finding deals is probably a big one in this market, but I'm curious if there is anything else that would make your life significantly easier if it were solved or improved? 

But did the improvement help your home sell quicker than another home?  

It's up to you to choose one.The most common methods are:county assessmentprofessional appraisallocal Realtor's opinioncomparable sales of undeveloped land in the areaYou can also choose whether you apply the $ number or the land/improvements ratio.

I am trying to know if this value would further jump if I buy the property and make some improvements like paint, flooring, water heater, adding GFCI outlets etc.I already see this value jumped between 2020 and 2021.

Gary is improving quite a bit in pockets - Miller being one of them.PM me if you have questions.PS - Beverly Shores isn't Gary

We have only had one eviction, but we budget/incur 3-6% of rent to get units rent ready (turnover) and another 3-6% of rent for maintenance/capital improvements. 

I'll definitely be giving the appraiser a list of the comps I pulled along with the improvements I've made.I like that idea of pulling your own credit and using that to shop around!