@Alan HaleCan’t answer number 2 but financing has nothing to do with your profit I’m it doesn’t matter what you buy whether a car, home or pack of toothpicks, your profit is what you paid for it minus your costs/expensesWhere financing does come into play is it is a cost as money is not free - but it’s only what you have paid for that financing.Hope that makes sense

The seller did just perform quite a few renovations, and two units are already occupied, which is why the upfront rehab is currently $0.So yes, this scenario doesn't yield much monthly cash flow, but we are trying to work with little money down so the thought was that it would at least get us into the property and then increase cash flow once the $46K loan is paid off.

I personally have never seen that, but I’m only one person.

I have 3 properties in my personal name (to get best rates).

I probably will not renew with this person.2.

Will be paid in cash.

At all times during the Lease Term and throughout any Removal Period, Landlord and Tenant shall, each at its own expense, maintain a policy or policies of comprehensive general liability insurance with respect to the respective activities of each with the premiums thereon fully paid on or before due date..."

If the partner is simply lending money that will be paid back with interest, then having them in an LLC can be a problem.

Don’t waste your time with the large banks, you’ll never get to the right person unless you operate a hedge fund and are going to buy hundreds at a time.I found small local banks work the best.

I have acquired my experience from working on my personal live-in-flips and building ADUs, as an owner builder and self-performing most of the work.