Most partners aren't contributing a large percentage of the investment in sweat equity, so if your partner walks out (or has to be "fired"), typically it's time and headaches that are the result, not large amounts of money. 

I established a team at location and would like to bounce my numbers off the BP community and would like to know if I am leaving anything out.PURCHASE PRICE: $195,000PURCHASE CLOSING COSTS $3,000ESTIMATED REPAIRS $50,000TOTAL PROJECT COSTS $248,000AFTER REPAIR VALUE $373,968DOWN PAYMENT $19,500LOAN AMOUNT $225,000LOAN POINTS 2%AMORTIZED OVER 1YRLOAN INTEREST RATE 12%NEEDED FOR CLOSING $25,000/ r

I would make sure that is correct in your expense column and check with a PM for what kind of rents in your area because East Dearborn vs West Dearborn will give you different rent amounts.

I'd say that the amount of units and general size of the property will determine the scope of dillegence required. 

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bpThe second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

.- cash flow from the rent is my not my only income source. assume that no matter what i will be able to put money to buy a new rental at least every 2 years, taking the 12k+extra amount (whatever that my be)+loan (whatever down payment i decide to put)- regarding flipping - i don't mind the work involved in this process but as i am not living in the us, i find it hard to do flipping. at least not when starting out.  

This is split between investing and brokerage, but it is still a substantial amount of time in the arena.The industry is not for the faint of heart.

My kids went to college mainly from my income from my  SFH income.I have small amount of time left with the last child.I have now taken upon myself to do a partial gut of my houseI live in.

Curious how others would take this amount of money and make a profit off of it.

My biggest concern is the crazy amount of construction going on here.