Lots that are sub dividable.  

When that grievous error is made, it means a mortgage underwriter is going to default to dividing six months of rental income by 12 months, and effectively only give credit for half of the actual rent - the mortgage underwriter is just reading what you wrote! 

The divider is on Decatur.For long term rentals, Vegas is better, as NLV handles the billing of water/garbage/sewer/recycling.

Still, they are all valued base don their ability to produce income.Cap(italization) Rate is NOI divided by the purchase price.

You would need to divide up the interest paid for the HELOC and apply the appropriate amount to the right Schedule E. 

However, the cash flow on 3 smaller homes bought right, say each cash flows 150 per month,  that would be a cash flow of 450 on the three, which might exceed the cash flow on one single family 200 K property.The other side of that coin, sort of to @David Krulac's point, is that your 200 K is divided into three units which is three times the hustle work for your money.  

If an investment property, there non-warrantable DSCR loan options.Some details:Loans available for purchase, rate and term refinance (no cash out) and cash-out refinanceCredits score down to 620LTV are up to 75% for purchase and 70% for cash out.Rate buydown feature available.DSCR (lower of gross rent lease or Form 1007/216 rent divided by PITIA) as low as 1.0x.For experienced investors (one year of investor experience and own home), short term rentals can be structured off of 12 month short term rental history with 20% expense factor.

Both of us would own the property in an LLC with divided rights to the equity based on what he had left in the property from the initial investment.

General partnership structuring questionMy partner and I  are investing in a 5plex We are unsure as to how to properly compensate each otherWondering about general ideas for how to evenly split up the cashflow and ownership and how partnerships have previously kept accurate account of each partners contributionsI understand that every partnership structure is unique and there are endless ways to divide up the ownership and compensation, I just want to hear some stories and current examples of how successful partnerships are being structuredThanks!

Now let's say you buy a FOURPLEX......again....not a duplex or triplex, but a Fourplex and you OWNER Occupy it.....it appears you can evict the tenants (and put your own tenants in) if they (have been living there less than 5 years, are not over 60, are not disabled, and are not catastrophically sick.In section F on page 3 of the following link it states that Just Cause Protection Applies to the following..........file:///C:/Users/bgarlington/Downloads/OAK036393%20(2).pdfA rental unit in a residential property that is divided into a maximum of three units, one of which is occupied by the owner of record as his or her principal residence.