Moon valley up out of Reno on the CA side of 395 is a classic example of that.. 

It not only explains what each metric in a complete analysis is but also what the formulas are (for example, NOI) and how they all work together: https://www.biggerpockets.com/blogs/8814/73755-18-essential-metrics-to-a-complete-real-estate-investment-analysisReach out if I can help with anything and best of luck.

Example: Party 1 gets a mortgage solo with party 1,2 and 3 on Deed.

For example if the house you are looking to buy is a 3bd 1ba 1 car garage built in 1970, try and find the 3 closest properties that has sold in the last 6 months as close to your property as possible.

For example, A row house in Wilmington is an entirely different investment (acquisition cost, ROI, tenant quality,) than a SFH standalone home in suburban Newark.

The 40K property you use in your example will never produce $600 positive cash flow.

It might be easier to explain by just giving an example.

For example is there a small but vocal contingent that wants to make a lot of costly changes? 

For example, if you establish a rental property as an LLC, you'll want to set up a separate bank account for that LLC and consider having a debit/credit card linked to that account.

Wood shed example