This tells you when to invest using #'s 1 and 2 above....and all three must work as one, with each equally depending on the other two for your success. 

Make sure work ethic and goals are equal.

I have zero relationships established at this point but I know doing so is vital.

  $55,000 / 120 months equals $458 monthly. 

We felt it was necessary to do this in order to have formal equal ownership (33.3% each) since each of our properties have different valuations.

Let’s do some math.8k  total cost to buy the home + 18k remodel = 26k total for this home.Let say you rent this out for 1700/m 1700 x 12 m = 20,400Your mortgage/tax/insurance = 14,460Your annual net cash flow ($20,400 of gross returns minus $14,460 in expenses) equals $5,940.

@Peter Nikic thanks for checking the deal out yess all of our expenses are expected to be fixed and any overage I plan to roll over to the tenants to make them equally responsible,now  the break down for those expenses (utilities ext) I just calculated in the 50% rule for now but once I have a better understand of those numbers I will share them with you guys still in the due diligence stages,but I do agree with you we won't spend to much money on the inspection phase just yet on the plus side the seller did state the the AC and broiler were recently upgraded so that's a life saver as for the work I don't mind hard work as long as the numbers make sense and pays off.

They teach you just enough to be dangerous but leave out the vital fact of how important capital really is.

That said, I am equally excited about the changes to the multi family zoned lots regarding ADU's and am actively biding and building ADU units for clients as the GC.

First, we thought that maybe he could just provide concessions equal to the down payment and we would wrap it into the mortgage cost, but that's a no go for the underwriter.