. - 90k / unit. 360k total investment- Owner financing from family friend who owns them. 5k (1,250 per unit) down. 355k financed at flat 5% interest rate.

If I were to do my homework on the properties and assess what my MAO would be, bidding wouldn't be too bad in a small country county here in Ohio rather than Columbus.Correct me if I'm wrong, but aren't the interest rates, a flat rate that doesn't change?

On a building with all 1 Bedroom units, at $600 per month in Rent per Unit, I would not factor the Vacancy at a Flat 5%, I know this is a common practice mentioned in many of the BP podcast, it's done to simplify explanations for newbies.

All five have renters in them and I'm house hacking in the 3 flat.  

People want to go to the mountains not the flats of Orange County. 

Investment Info:Small multi-family (2-4 units) buy & hold investment in Chicago. 2 flat apartment building newly remodeled.

It is a pretty extensive rehab on a 2 flat.

I plan to buy when the market is up, down, and flat. 

When the property sells you will split profits however you decide, whether it be a flat percentage on money provided or 50% / 50% on whatever's left after investor has been paid back initial funds.Also...count your blessings as you are very lucky to have this person(s).  

If the utility was a flat fee, then I would just build the cost into the rent and it would then be invisible to the tenant.