What economic factors must be present to carry on business in our economy, land or Fords?

This is also with me factoring in 11% for property management, however, I plan on managing this one myself.

I typically use ARV = pro forma NOI/market cap rate.Be careful with this as there are many factors affecting this number.

We look at many factors before deciding on a suitable tax structure.

Management fees are typically around 10%, so you need to factor that in when running numbers if you plan on have management.

Somehow you will want proof of that amount just in case the PA Dept of Revenue audits the transaction; going through a title company will help you to have proof, because the PA Dept of Revenue will use the tax assessed value multiplied by the leveling factor for that area to impute the property value amount upon which transfer taxes are expected.

At the beginning of a partnership everybody is thinking about the "opportunity" and believe that "nothing bad" or "he would never do that"will rule the relationship forever. 

@Robbie Reutzel I have not factored putting money away for repairs, would do so out of the rental income. 

Now, it can depend on a number of factors, such as: what state the property is located in, whether the new owner intends to occupy the property or not, whether the tenant is Section 8 or not, whether the tenant is related to the previous mortgage holder, whether the lease was entered into before or after the previous owner obtained the mortgage, etc. 

That may be the biggest factor.