@Sindy ZhengThis is not solely focused on underwriting, but Best Ever Apartment Syndication Book by Joe Fairless is an excellent book. 

The only difference is 2 bedroom has great view as it is on top floor.I am a downtown guy, love the energy and the excellent food and clubs around.

Has excellent credit and income.Tenant 2 wants to stay.

About the turnover, the apartment is in excellent shape, the current tenant maintained it extremely well and the unit was painted and renovated fully right before she moved in two years ago.

Just to add to Dave's excellent advice, spouses in a community property state that are the only members of the LLC are still viewed as a SMLLC and disregarded👍

stay in touch with your people - the so called "database" aka. friends & colleagues from all walks of life; Build systems to follow up & provide excellent client service; Understand that some will work with others - and, that's ok; hang onto & be grateful to those, who are loyal; this is a MARATHON - best of luck!!!!

@Ashley Yoviene That's what I am trying to do with my own Excel sheet.

Reach out if you want my excel/google sheet.

As J Scott stated, the "lender" typically is not on title, the other entity with brains/brawn would hold title, you would hold the deed of trust and promissory note (plus personal guarantee rider from both individuals) against the property.Another structure option would be for you to also join in on title as a partner for an equity share in the deal and that can be structured in any format you all deem a win/win/win.

Tiffany's earned her spot beside the dumpster or wherever she ends up...I'm sure she'll find just one more way to abuse the system and steal our tax money -- junkies excel at that.I already have some prospects lined up for when I get rid of her.