.- I'd closely inspect those drains that need snaking to confirm that you don't have pipe, root, or some other major issues.Good luck!

If a tenant is skilled and offers to make updates, I may allow it but only after confirming their skill and only if they are willing to pay for the improvement.

@Joshua Thang, those numbers confirm what I would advise any clients looking to buy there.

Hi, I'm looking for a bookkeeping app or any software that is easy to use for small real estate investment.I do not use Excel.... or don't know how... 

I asked my lender to confirm there were not any errors.

I'm very grateful to have educated outside opinions.Ultimately, I'll likely trust the repeated advice above to abandon the partnership, but for sake of fully exploring this option, I'd like to provide a little more reasoning as to why I'm pursuing a partnership and at least confirm that it does not change any of the above feedback.There's smaller reasons such as his significant other's family actually does rehabs for a living and would likely provide more of a "friends and family" rate for any potential projects and renovations.

Butler A few thoughts:First, I find it useful to track successes--even if the success is very small.When an investor is first starting out, a success might be as simple as having their first meeting with an agent, or accurately analyzing their first property (and having a pro confirm that their analysis is accurate)....for a more experienced investor, a success might be closing on a $15 million triple net asset.The size of the success isn't really the point... 

When you present a client your analysis on a potential deal, (A) be VERY clear, clear to the extent of confirming they (the client) understands this disclosure, that (B) your analysis is ONLY to convey the data you were aware of on at time, in an EXAMPLE of an analysis, and NOT to be used as any direction of sole decision maker.

These vacant units under renovation are still under management, and still sitting vacant, so most software or "dashboards" will include them in the DOM calculations, and they can drastically affect the DOM averages.  

Not because someone confirms theories YOU have heard before does it mean that theory is correct.Laughable!