I was hesitant in the past with taking on partners but I recently read something that makes a lot of sense....." 50% of a deal is better than 100% of no deal"

Makes perfect sense! 

Knowing that once you cross north of 5th St. you need to increase your vacancy credit by 1% will have a much larger impact on your true returns than using MIRR vice IRR.The nearest I can figure why MIRR doesn't get more traction on BP is that most people don't really understand IRR beyond the definition "the rate that sets the NPV of future cash flows to zero", so the factors that you pointed out don't make sense.

I had never run the numbers but definitely makes sense.

I would like to start this discussion thread so others who are new can get our community's thoughts and opinions so it at least gives the newbies a real sense of risks that are involved with being successful in this industry.

They see other people looking at same house and it drives a sense of urgency for them to apply right away.I charge a $40 application fee and then run background checks at www.residentresearch.com for $26.00Charge a higher deposit than one months rent so that they are encouraged to pay last months rent and leave place clean at end of lease so that they get deposit back.

Jared,Take a look at these articles and I think you will be able to make a decision.http://www.themoneycommando.com/umbrella-policy-vs-llc-asset-protection-part-1/http://www.themoneycommando.com/umbrella-policy-vs-llc-asset-protection-part-2/ They dive into very detailed explanation as well as many risks/benefits & possible scenarios in which makes better financial sense.

., If that makes sense.

Do these numbers make sense or will I get a bigger dip in rent with a smaller communal space?

Do these numbers make sense or will I get a bigger dip in rent with a smaller communal space?