As bank can hold liable to 2 people rather than one.About the LLC: it is general laws, and since we changed the title under that LLC, I and my partner are both liable for the loss or share benefit in equal amount (since we have 50% partnership in LLC).Thank you Steve, please post if I am wrong in any of the understanding.

But usually this is done when you have 100% equity and the price plus the repairs are equal or less than 75% of what that property is worth after the repair.

@Joseph M'MwirichiaHere are the general considerations regarding 401k loans.401k Participant LoansIf your 401k plan allows for 401k participant loans, the maximum loan amount is equal to 50% of the balance up to $50k.

The reason for that is that new improvements equal higher rents, and higher rents equal higher net operating income (NOI), and this, in turn, has a major impact on appreciation.

Even if I could only get $1,200 a door, that's $24,000/mo which equals $288,000/yr before expenses.

Part of the return equation that some investors choose to exclude is the principle pay down, (with a more expensive property or location you have a larger mortgage, which means you are paying down a larger amount of principle each month, all else equal) and potential or expected appreciation, which is much harder to quantify until after the fact, but more expensive properties tend to appreciate at a larger dollar amount YoY even if its not the largest % increase.Like Avery said there is a ton of value in simply getting started.

To calculate ROI, you have to subtract the initial value of your investment from the final value (which equals the net return), then dividing the net return by the cost of the investment.

is it equal control or do i get a certain percentage since i'm being added

“A Borrower may be eligible for another house with an FHA- insured Mortgage if the Borrower provides satisfactory evidence that:the Borrower has had an increase in legal dependents and the Property now fails to meet family needs; andthe Loan-to-Value (LTV) ratio on the current Principal Residence is equal to or less than 75% or is paid down to that amount, based on the outstanding Mortgage balance and a current residential appraisal.”https://www.fha.com/fha_article?

Wouldn't the tax valuation equal the amount that I purchased the property?