For your $225K you can get 2-3 turnkey rentals in decent areas that could generate $3600 or more in gross rental income.

It's the gross rent divided by the potential purchase price.

When thinking about vacancy, concessions, loss to lease, bad debt:1) When initially underwriting deals before going through due diligence, what percentage of gross potential rent do you factor in for concessions, loss to lease, bad debt to be conservative?

My guess is you do not plan on cash flowing positive, since the monthly rent to purchase price ratio is less than 1%, and you plan to occupy one unit yourself which cuts out 25% of your gross potential rent. 

Purchase price: $89,900 Cash invested: $26,449 Sale price: $184,900 Purchased at $89,900Repair Costs of $53,507For Sale at $184,900 Just hit the market on (05/15/2020 today is 05/19/2020)Estimated Gross Profit of $41,493

I’m assuming a 8% vacancy 8% repairs and maintenance 10% for cap ex 775 annual taxes (Not sure what insurance runs) Gross rent is currently 2500 and some change.

The profits are that of a regular average flip deal, not a good one or a bad one, just average, which like I said is BASICALLY guaranteed when I have a wholesaling business and is nothing special what so ever to get 100% to a little over whatever you reno for, I.e $100k reno is $100k+ GROSS profit when done right.As for your final comment about cash flow, I will be able to break even or make a few $100 for sure even if I take out all the equity, if i didn't take out the equity I would have a huge Cash flow from going from a $500k to a $700k property regardless that it was only 95% LTV.

But I have only partnered with one very close friend before (and on a small scale) and am looking for larger investors.Considering the returns are small (yet stable) I  am unsure what percentages my company should receive .I am starting with the idea that each investment should yield my company 2% ownership of attained asset and receive a 3% management fee based on gross income after property tax.the scenario I see would look like this

For reference, some 4 families with common boiler (LL paid gas and water) and some major deferred maintenance still sold for less than 1% gross rent to purchase price.

When I work in WA I live in my fifth wheel with my fiance and 2 dogs.23yo$140k gross incomeI'm a traveling utility foreman 20% work in eastern OR 80% western WA$24k savings$30k stocks which I plan to sell in a few months (2nd market scare from COVID-19)$12k I can borrow from ROTH IRA$7k if i refinance my travel trailer 3.5% (paid off)$60k of credit linesI found the deal through a friend's mom who's a property manager.