This also ensures you get your money back in full but could also benefit from the profit.Of course you could do a combination of the two (anything in between) where you still charge interest on your loan AND you share in the profits.The way you craft the financials is totally up to you guys and what you feel comfortable doing.Hopefully that helps. 

I think there is a lot of potential in this combination.

Or maybe combine it with a list of top items new investors need to know. 

The combination of long term tenants and AirBNB income has certainly been helpful, particularly with regards to diversification during Covid. 

Cap ex and maintenance each month combined are $50.  

@Aaron Kaplan Aaron, I’ve only done an LLC once and that was because we started with properties owned by me and others separately owned by my wife when we wanted to combine for a 1031.  

I usually use 15% combined, but if you know there are deferred maintenance or CapEx that will come up soon, better to be conservative.$150 might be a bit high for insurance.

My quick math puts this property $500-600/month in the red after you move out.You're forgetting a few expenses in the screen shot you shared:Vacancy (5-8%)Repairs and CapEx (12-15% combined)Lawn care looks very low.The utilities are not split, right?

But, when you compare the total annual cost of most SFR, MF annual taxes, HOI and any flood Ins. combined divided by (12) months the escrows are generally less expensive.  

@Nathan Adams depending on the size and location of the crack you could extend downspout ends 3-4 feet away from the foundation, Install a French drain, inject epoxy into the crack, apply some tar to the foundation or maybe a combination of these.