Hello BP,Question on the below scenario I was browsing the BP market place and found a property for sale in the market area i usually invest in, i recently moved away.

Done as in, I won't do anymore flips or be spending anything at all on marketing. 

I passed my real estate exam and waiting now for my license to come in. I

What are some good area's to invest in? I

Besides A bunch of people crammed in is really going to be hard on a house and it’ll need more repairs and maintenance

Her apartment is too small for everyone to live comfortably so we are looking for a single family house to live in. I

I’ve been doing heavy research/saving for a year and finally looking to jump in. I

I have an investor (LP) who has all the equity and access to debt.I have an experienced condo developer (GP) who loves the site and wants to build on it, once we close on the land and vest it as equity in the dealWhere do I fall in? I

So you've got roughly $540k in equity.These are all just guesses, and you may have more into in; I just want to give you an easy example to work with.Your return on equity is your annual net income of $400/month x 12 months = $4,800/year.Your equity sitting there is $540k.Divide $4,800/year by $540k = .88% ROE (return on equity).That's a lot of money tied up into a small return, BUT, if you are confident that your townhouse will continue to skyrocket up in price, then hold for appreciation.

Always require this before they move in. I