We need to work backwards, since we're starting with the Net, not the sales price.So, net Divided by 90% equals the sales price.$190,000/0.90=$211,111  which is in the range we already figured out.Once you know the few formulas you need to solve specific problems, you can write them all down in one place, less than a half page total with a brief explanation for each, for reference.And of course, you can always check your answer, after you get it....$211,111 less 10%, less $140k =???

The scenario I have is if my 4-plex is worth 184,840 with land already subtracted would my depreciation be divided 27.5 which equals 6721.

In most cases, if the buyer is not a family member or spouse, he would file a suit for partition, wherein the court forces the property to be sold, and the proceeds divided 50/50.  

It's up to you.Regardless of how you want it handled, you'll typically maintain a reserve fund for the PM company to draw from for authorized repairs.

Holders of interests in multi-lender loans own the trust deed, and in the event of foreclosure, the collateral, in accordance with their percentage of ownership.Your question is very good, and draws attention to an area our industry probably needs to explain better to the investing public.  

(Chris has been featured on BP Podcasts #122 and #26.)Chris was great, staying up way past midnight to answer questions and share his experiences and I know our members learned much from him.Chris delivered great value, getting REAL with us by talking about the BIGGEST MISTAKE he's made as an investor: https://youtu.be/tnPX4g0vzns (If you want to hear the full 53 minute interview, there's link in the above video).So the successes seem to keep coming for us here in Seoul, Korea, as our meetup grows and we continue to draw great speakers. 

Presuming the guest house is on the same property dividing it up to put the guest house in an LLC may be complex and expensive.

Back to the drawing board! 

@Wayne Brooks apparently they have a class of realtors whom are licensed but are considered assistants They draw a salary and do all the grunt work for the office.I am sure those fees are part of the basis  

I know there are certain points that have to be hit before you can get a draw, and inspections that have to be passed.