Granted it was a small sample size, i'm going to give it another shot though with a bigger list soon. 

Just not possible.)Tomorrow, I will make copies, draft a letter, and send to them along with hair and tissue samples and the title to my first born son to attempt to clear this matter up once and for all.

With a larger capital deployment more assets are purchased and a greater sample set can be reviewed and the net result of that was a big red number.

The bank holding the mortgage exercised its rights to the rents, and all of the tenants have been paying the rent to the bank.A tax lien certificate was sold on the property a few months ago as well.The issue is, no one is maintaining the property, and there is no accountability.

Kyle, place in some numbers of a house you were looking at, price, mortgage,taxes etc. average rent for the area for same size units. may be a little easier to get answers from people if they can help check your figures. i know in the area that i am investing right now, a 4 bedroom unit runs me $200 / bedroom/ month to run and i have a 2 family with 8 bedrooms that runs me $150- the more bedrooms the less per bedroom. that is without the mortgage. that can fluctuate depending on the cost of the property and the amount you put down, so i leave that number separate. to me Maintenance seems a little high, if you have a unit that collects $1700 per month ( 20,400 yr ) at 15% that's $3060 for lawn care and snow removal. i pay half that $1500 - so that's 7 1/2 percent ( these numbers come from my 4 bedroom unit ( 1700 & 1500 )). that would be another 1500 in your pocket. what you can do is ask a management co. in the area what is the typical charge for maintenance, or a local landscaper. that 1500 could make a difference in your numbers, and there may be others. show a sample and you may get some insight from others

This way I can exercise my option and back out of the deal without losing my earnest money.

Only got title and 'bought' after exercising the option.  

I'll spend some time documenting my ideal strategy and a sample deal that I'm looking for and sending on to the agent I work with to get some feedback.

Does someone have a sample loan template?

I don't think we are of competing market, but can you send me sample contract or how you structure your 50/50 splits?