Therefore, your partner would have to be the main borrower and you would be the non-occupying co-borrower. 

Cost to build will also be a factor, but carry little weight compared to comparable sales.  

As a syndicator, it makes sense to hold for only 3-5-10 years because of these factors or indicators...

I would agree that Cummins operating as the main power plant for Columbus's employment could be an issue bit you must take into account their community buy in. 

The property is a 5 unit building with the following information: Rental income is $4,000 per month or $48,000 per year totalTaxes are $375 per month or $4,500 per year (this is higher than current but factoring in that they will increase)Estimated insurance is $200 per month or $2,400 per yearExpenses: Vacancy 8%Management 10%Other expenses Landlord pays water at $400 per month or $4,800 per year Realize this could be a cost savings in the future, but want to analyze as isGeneral maintenance (including minor repairs on property) including grass and pest control estimate at $300 per month or $3,600 per yearCapital reserves for Cap ex (appliances, windows (52 windows on building), roof, siding, etc. which I based on building a capitalization table based on useful life of items and number of units) at $460 per month or $5,520 per yearLoan: All in after down payment the loan would be for $300,000Assuming 7% interest rateAmortized over 20 yearsThus comes out to $2,325 per month or $27,900 per yearSummary Income Per Year:$48,000Property Exp.

Know how to run numbers and be able to identify specific risk factors of any property!

First and foremost, as most of us have mentioned congrats on killing it with your main career.

But, I do use a large HELOC on the property to fund flips, so I do get some benefit from that equity that's not factored into that return.

That's definitely going to be a deciding factor if we go ahead with the idea.

I am most interested in the BRRRR strategy as I am looking for cash flow, but would enjoy rehabbing properties as well.My main question: What types of jobs within the Real Estate Investing field would be best for someone like me to get the most useful experience possible?