Honestly I look for around 10% on Cash on Cash without factoring in expenses. 17% with principle being paid off.

Watch Brandon Turners video and how it explains the how and why the numbers work.50% rule for multi unit investingFollow his basic principles and set your goal per unit net in a range that is acceptable to you.

I assume the lawyer and contracts will have to be drawn up for all this to happen. 5. how do you usually pay out interest and/or principle (monthly, quarterly, annual)? 

I tend to stick with the principle of KISS.At the end of every project we total it out in QB.

Your principle and interest are about $400/month.

You need to find the right agent.The 80/20 rule is definitely true but I'd like to introduce you to the Pareto principle.

If you live in a city that’s smaller than Cincinnati (300k population) then you can still apply these principles although it might require you to host your meetup in the next largest city to where you live, that way you get better return on your time.

Finance, Marketing, Psychology, Construction Project Management,  Accounting, Business Law, Real estate Principles to name a few. 

Your payment (the principle and interest parts) is not included.

>Total due to my family is 75K in Principle money