And do you think a percentage of the profits is a fair ask by this couple.We are under contract on a property that feels like is a great deal, so we have started talking this out with the couple to see if we can come up with an agreement.

@Tim Swierczek The triplex he is talking about is a 2/2/1, not a 3/2/2.Account Closed I guess what I am trying to say is that I wouldn't follow any of the "general rules" posted nationally.

Just an out of state turnkey property that 3 days ago I could have easily talked myself out of. 

Talk to Shawn Ackerman about Milwaukee.

Let's talk more.Cheers,Jake

For Financing, you will want to talk to a commercial lender.  

Just had a long talk with my PM.

I checked Marketplace section on this site and see that there are plenty of houses selling for $70K or less in  B or C class neighborhoods yielding 10% return or more with a management company in place etc etc,  are these the type of properties you are talking about?

I would talk to:https://www.patchofland.com/biggerpockets They do hard money lending and fund rentals as well.

Could you point me in the direction of any commercial lenders that I could talk with to get a better understanding?