The refinance process is very simple and I would be happy to walk you guys through it. 

I am totally new to this so please forgive me if I asked very simple question.Thanks in advance!

Simple things like larger trash can options or having a pool or lawn (constantly need to be refilled / watered) can greatly affect those numbers.Electric can vary widely too based on AC age, efficiency of house (wood vs. stucco), and living habits of the tenants.

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-bp The 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.

So simple.

Make sure you tell him that also show it to him on paper. 

@Michael Sarkissian hi Michael- Simple answer, you don’t.

I have a really good attorney who I use in PDX that wont charge you an arm and a legg and scare you into all sorts of unnecessary and complicated asset protection schemes.. basically you can vest in LLC  have an operating agreement ( that's your JV agreement) and a clear cut buy sell agreement .. pretty simple and standard stuff.. feel free to ping me off line..

Since speaking with Ralph, Matt, and Moneyman, my irrational exuberance has dwindled, and my friends and I have all agreed that we need to practice on simple properties first.

The papers were signed by the Legal Power of Attorney.