The one that had tanks, we just instructed the tenant how to operate them. 

Not sure about his experience with SD fraud but if he can’t help I bet he can point you in the right direction. 

This rate is supposed to be a simple calculation of the net operating income divided by the cost of the investment.

You have a better chance of preserving these appliances if they don't operate while submerged.  

That $21k NOI divided by the asking price gets to the posted 7.64 cap.For listed expenses, the total operating expenses ($8,965) only reflects the 2 entered numbers, HOA ($7,800) and property taxes ($1,165).

Cash on Cash Return - 10.19%Thanks in advance for your thoughts - RobertReturn (IRR):11.73% per yearTotal Profit when Sold:$217,855.15Cash on Cash Return:660.17%Capitalization Rate:7.69%Total Rental Income:$471,420.00Total Mortgage Payments:$245,284.85Total Expenses:$125,280.00Total Net Operating Income:$346,140.00 First Year Income and ExpenseMonthlyAnnualIncome:$1,350.00$16,200.00Mortgage Pay:$681.35$8,176.16Vacancy (3%):$40.50$486.00Property Tax:$102.17$1,226.00Total Insurance:$62.50$750.00HOA Fee:$166.67$2,000.00Maintenance Cost:$16.67$200.00Cash Flow:$280.15$3,361.84Net Operating Income (NOI):$961.50$11,538.00

I have been a board member at two country clubs the operating budgets are in the hundreds of thousands..  

A 50% LTV loan is a pretty safe bet so you'll probably be able to get somebody to bite assuming you're willing to pay the points/higher interest.Another option would be to contact some credit unions in the CT market you're property is located in.

LLC allows un even distributions.. so he gets a fee for each sale in the operating agreement it spells out his job and compensation..

@Alex Silang I am not claiming to be an expert but I think your best bet would be to look for a turnkey provider in a place conveniently close to you and see if they would be willing to give you a role in what they do - maybe doing something you are already good at, so they benefit, and in return you see and learn what they do.I am suggesting this because in my line of work there are many many people with academic and theoretical knowledge but they often haven't ever really applied any of it.