My criteria for buying are at least a 10% CoC return, and $100/month or more in net cash flow PER door (hopefully closer to $200/door).List Price:  $179,900Down Payment:  $44,975  (25% down, assuming I buy at list price)Repair Estimate:  $5,000Closing Costs:  $2,500TOTAL CASH IN:  $52,475Loan Amount:  $134,925Loan Terms:  5.25% fixed rate, 30-year mortgageMonthly P&I:  $745Monthly Rents:  $2,000 ($1,000 per side)Vacancy Loss:  $100/month (I estimate 5 - 8% on multi-family properties, depending on how popular the area is).TOTAL MONTHLY INCOME:  $1,900 ($2,000 - $100 in vacancy)Taxes:  $154/month (you can usually find the actual tax amount paid for the previous year on your city's website)Insurance:  $100/month (ask other investors in your area what they pay, or for recommended agents who can give you quotes)Water/Trash:  $80/month (this is typically paid by the landlord in my area)Sewer:  $50/month (also typically paid by the landlord in my area)Lawn/Exterior Maintenance:  $75/month (my property management company offers this service)Maintenance:  $100/month (people budget anywhere from 2 - 10% for this... if it's a well updated and maintained property in an area that attract responsible tenants, I budget on the low side)Property Management:  $100/month (usually 8 - 10%, but you can find PM companies that do it for less... just make sure they're good at what they do!).

From my limited research I see that it is an online real estate brokerage with zero monthly costs, and an 85/15 commission split. 

I can bump the limits of each policy easier (cheaper) than I was able to find some way to cover them all.

Another thing i have learned I would always question something that had not been picked up by an investor and there must have been something really wrong but in reality most investors only have limited amount of money and time. 

This document will entail information such as how income/losses will be split, who will manage the partnership etc.The partnership will be required to file a federal form 1065 and possibly an Ohio 1140.The partnership will be required to distribute a K-1 to each partner which details each partner's share of income/losses. 

I know here in Washington RV space is very hard to find and some of the parks even put an age limit on the RV's they let in. 

I'm kind of at a loss here as I've told the selling agent there may be an opportunity for me to pay in all cash and pay way over ask, but obviously only if the numbers work for me. 

Or if you choose to tear down and move on, are you willing to pay $10,000 for the tear down and take the $27,500 loss?

As Clint Eastwood is famous for saying ....A man's got to know his limitations.

It would include all opex, such as management tax insurance utilities as well as vacancy, concessions, collection loss.