The client will still need to do the work to evaluate the team and the deal, but it's generally not as much work as finding and doing your own deals.Hope that wasn't harsh :) Not my intent

What are some realistic expense figures that I can plug into my proforma to evaluate this property assuming it's properly managed?

So we don't run credit unless they pass the pre-screen and we can easily verify the basic stuff first. 

Also, most 401k plans come with the ability for participants to borrow from their account very easily at very-low interest rates.

@David Geiger Easily enough done (well easily is relative). 

A lawyer should be able to draw one up for you fairly easily.

I’ve shared what I’ve been learning with my soon to be high school graduate who has been motivated in evaluating properties with the calculators and wanting to look at houses.He plans on attending college on the fall and wants to house hack and rent the rooms to other college students.

Hello BP,I am looking for my second property (SFH buy and hold) and would like a reality check on my set asides when evaluating deals.

When I evaluate this property and consider financing and cashing out, it would put me at a negative cash flow of approximately $200 per month.

You'll also easily find people willing to sign a lease that starts today, even if they won't be moving into it for several weeks or more.