Purchase price: $485,000 Cash invested: $200,000 Two story office building - 4 suites- Cordova is a high income area in a suburb of Memphis, Tennessee.

... etc.The reasons I'm asking those questions is because the word "Analyze" can really mean a lot of things and depending on what it means to you, some calculators (analysis tool) might be more suited than others.I'm of the opinion that when you perform an analysis, you want to get a very complete picture, so that you can also run the "negative" scenarios to fail proof your investment as much as you can, before you pull the trigger.Good Luck. 

Maybe you could provide a couple scenarios that you think would benefit the property -- such as, adding a master suite, removing an unnecessary wall to open up a living room, adding a 1/2 bath to the first floor, etc.I'd imagine for those of us who are relatively new (like me), it's easy for us to just look at numbers and not understand that flipping is as much of an art as it is accounting.

I’ve got a good size second master suite I could do this in.

He concern is to limit crossovers access to other property should a law suit occur.

Something like a mother-in-law suite? 

That means proper respirators, Tyvek suits, booties, negative air machines, lots of 6 mil plastic, duct tape, heavy duty trash bags, etc.

I would shop around until you find one that suits your criteria. 

There are 16 executive suites.

You don't want to pull one that you find on the internet as it may not be suited for your needs.There is an extra layer of tax compliance when creating a partnership/LLC.You may be required to file a partnership return which would then distribute a K-1 to each investor which would be used to be reported on his/her tax return.You will want to consult with a CPA for input/suggestions on the entity type to form, tax strategies and compliance work.