If the credit has been stellar since the conviction and the apartment is a low-end rental, I would definitely go for it.

@Connor Burke just based on my quick look 1) all I can see is the outside pic you posted in the calculator, but based on the age of the house from that pic and the description mentioning needing a "little TLC" $8k may be low for repairs, 2) if it were me I'd up the vacancy to at least 8% since 8.33% each month would give you a month's rent set aside each year (1/12), 3) again, I don't know the age/condition of the house but my guess would be 7% CapX is a bit low, I'd up it to 10%.Not being familiar with the area, I won't comment on the assumed ARV, rent, water/sewer, or property taxes you used.

Hi,As I understand, the inheritance tax that a foreigner has to pay to inherit a property from another foreigner is 40% from the excess in the market value of $60k of the inherited rental property located in the US.To mitigate this low exemption compared to US citizens, I am thinking of establishing a general partnership.

That house was valued around $150k at the low end of market, but is now worth more than $200k.

I would like to keep the amount of non accredited investors low or structure them together in a less expensive deal.

Low interest rate.

My 1% member has great credit, but low income relative to the asset.2.

The local area crime rate is low according to Trulia.com, but I've also heard many realtors laugh out loud at some of the information available on the popular web-sites.

So, if this was me, I would keep the rent low and take a percentage.

So I’m looking at 2 unit home with parking listed at 114,999 after 5,000 price reduction on market 46 days ARV 249,000 needs about 75k in rehab.