We typically see 1-1.5% and in suburbs usually 2-2.5% even in Indiana if an investor its often higher tax rate then Chicago even though everyone thinks Indiana is low taxes its really just low if homeowner exemption there.

Even if the deal doesn't go through, sharing your experience and tactic will be valuable information for myself and the entire BP community. 

I work with many fresh grads and even an offer letter can get you a conventional mortgage.

We can even have it listed on airbnb...etc prior to closing.

Are they able to go to a break-even 1.00 DSCR, or is their minimum higher than that?

Even under this scenario, with a 50/50 split, you will not be getting paid for doing all the work.Another option would be for you to put in 50% of the purchase price using an LLC that you own 100%, borrow the remaining 50% from your investor as a 2nd position loan at a fair interest rate with points, and borrow the rehab under your personal guarantee.Better, if you can find a lender who will lend to a newbie, and they are out there, you could borrow the purchase money using some of your cash as a down payment, as well as all the rehab funds using a construction loan.

I've wondered if for example it even makes sense on a NNN retail building.Maybe if your CPA can do it cheap as part of their tax return service fee for you.Hopefully just your normal straight line depreciation is the way to go, but check with your CPA and see if they think it is worthwhile for you.   

I’d maybe start with, I agree with $x amount even though you missed the deadline but expect the rest returned to me within x days, or I plan to contact tenants rights group to help me seek all damages allowed.

If I use seller financing to own a property, do I build equity even if I sell before the mortgage is paid off?