I'll consider a mix of 1 bed + 2-3 bed, but not a 4plex or 8+ units of all 1 beds.10%+ CoC17% IRRPM 10%OpEx 5%CapEx 5% (up to 8% if older C class unless updated throughout)Vacancy 5%Prop Tax - In areas where this is a commonly known % of sales price, find it and use it, for other areas where it's all over the map, consult REA (in Indy where it's all over the map, it's also provided pretty reliably in the MLS listing anyway).

Currently doing business in NJ and the Midwest and looking to scale my business up as well as left to right.I have a CPA and consulting background so I am willing to add value to others businesses as well.Connect and let me know what you’re thinking 🤔

Honestly, I would consult with a GOOD agent who knows your market!

Next, I would consult with your attorney. 

@Justin DememberYou should be consulting with an attorney/accountant before you set up the deal to make sure everything is done from the get go.Was an entity set up?

You should consult an accountant on what is an appropriate method to use to allocate it.

You should consult attorney for legal advice and CPA for tax advice. 

Consult your CPA and attorney. 

Important you consult  your accountant,  but it's my understanding you use the Heloc strictly for the investment & do not mix personal use with the investment use so the interest is tax deductible. 

I've recently started doing some social media consulting as well as online flipping while I'm in school to fund my first purchase.