Market Rents: $1750, $1600 = $3350NOI: $3350 - $1379.15 = $1970.85 -> $24,250 per yearExpense:Income -> 41.2% Cashflow: 3350 – (1379.15+1778.47) = 192.38 -> 96.19 per door.There are two projects I have planned for the property in the near future: replacing the 30 year old boiler with a high efficiency one (should knock $100 off heating) and converting the 2bed/3bed configuration to a 3bed/3bed by adding 1 wall, 1 window, and 1 door by splitting the extra large bedroom above the garage.

Other parts of the metroplex are on sandy soil or even rock.  

It also needs some rehab, and I wasn't 100% certain how I was going to handle it (probably using more cash which would have more than doubled the down payment, or do a cash-out refinance against some other property -- not something I really considered).Here are the ideas I have had since; any would work for this deal, though some are better than others:Use crowd-funding for the repairsFind a rehab loan to include purchase price and rehabAsk seller to carry a 2nd to cover the rehabAsk seller to finance entire sale and use cash for rehabUse HELOC to make a cash offer and for the repairsFind a partner in Florida who has cash but no credit; split DP and rehab costs appropriatelyUse hard money for purchase/rehabThe HELOC actually makes the most sense.

Those two can figure out how to split it. 

The key was their lender, he rocked and got it done in three weeks total. 

Hi @Kim Rock I'm a rehabber looking for my first deal in the Bucks County area. 

Kim Rock very smart of you to become an agent.

U'd do all the leg work and find the deals.... 50/50 split stuff.  

Anything lower, you can pass a great deal to your buyer and make him happy or split with him or keep all the excess.

Rock on !