Hi @Dana Kimberly,The max lease terms were already mentioned, so I won't reiterate that, but 2.5% increase in rent is fairly standard as this number reflects the average national inflation rate.

The restaurant has a BBQ and a ventilation system above it - this requires semi-yearly inspection to meet restaurant inspection standards. 

I've always worked in the opposite end of the market as the the properties are always new builds in prime location and highest standard of materials. 

What kind of partnership is standard when taking outside investors money for BRRRR?

As much as you say “repeat business”, unless you have a track record of a lot of deals, you don’t have the ability to promise this and should treat the first deals as standard sales.

@Cody Merkes  I'd look at some standard leases available through BP or often from a government website. 

One should never put out a sub standard product and expect anything but a sub standard tenant.

Daniel,Thank you for your response.I realize that the information I provided is not well organized and so here is a second attempt:Potential property cost: $500kPotential property use: primary residence with 2 apartments and a daycare facility (house hack)Potential property income: $1200 per month total with potential for more from the daycare.

Where I invest, you can split 1 property into 3 quite easily as long as the new parcels conform to zoning standards.

I find many people buying these properties are not accounting for the market standard 10% management fee, may not be accounting for the new RET amount that will hit very quickly after sale, or seemingly any reserves.