HELOC repayment (10yr draw 20yr repayment) is $233/mo.So, $1671 each month.

We also added a laundry area inside the home for minimal cost but a huge draw for potential tenants.

I spoke with a lawyer about drawing up such an agreement between the two of us, and he said that he could create such an agreement for $5000-$7500 which did not include the two $1000 LLC creations he felt were necessary.

One that work with draw schedule preferred

Move funds between your bank account and the LLC’s as owner draws or contributions to the LLC — there is no tax for doing that (so it too frequently it’s been said is bad too sometime).

Unfortunately, we got behind on draws and his attention quickly moved to his mom's house that he just inherited and saw a big payday from.- Cosmetics bring you offers, but the "under the hood" stuff kills deals. 

Once you have a team in your first market you can then replicate your efforts and expand into subsequent markets. 

The tenant does collect disability even before this "phantom" slip and fall, and I'm afraid of the liability at hands, and the longer this guy is on the property, he's going draw up a lawsuit any which way he can.

(Points financed w/total project cost): $8,800 for pts.Total Project Cost: $448.8KARV: $545K conservativeEstimated rehab time 4 monthsEstimated 3 equally spaced draws on the rehab costIf anyone can help me reconcile these numbers including the payout to each "partner" it would be greatly appreciated.

And another draw-back to this part of Idaho, is that due to low wages, rents on anything here, do not exceed a certain thresh-hold, except in rare instances.