If I may, since you are all about apparently accepting when someone has a point, let me ask you, out of all the people who wrote in this thread, I had unpleasant interactions with 3, and wrote the others in a neutral way or with thanks to them for their help, and the 3 I had issues with were objectively not being helpful, and as far as I am concerned were actually going out of their way to create controversy, something commonly seen on message boards.

One of the most common pieces of advice for newbs that I’ve seen on BP is that the best way to start is to gather info/knowledge from others in the industry, and that is EXACTLY what I plan on doing.I have 10 years of entreprenurial experience, and I’m stoked to utilize and apply my skills to the REI world.

@Tony @Tony F.A TIC (tenancy in common) is where you own a fractional percentage of the property and share in the profits and losses in accordance with your ownership %.  

@Marjeanne FieldsThanks for inputI have flipped 35 single family houses so I have a clear understanding as far as rehab costsI put number higher due to common areas that need updating which will cost me 60-10k so I just divided that cost by 32 and added to each unitIt’s literally next door to a great hospital and 1 min from train station in a very good areaMy gut says stay away - there isn’t currently enough cash flow to allow fixing up units.I know hat buyer wants to unload He got to big to fast and doesn’t have time to deal with this.

Anytime is a great time to start as long as the numbers make sense. 

Buyer 2 comes in and has zero sense of the state of the economy, works at a highly leveraged junk start up that is about to go lehman.

As I sit here planning my goals for the week I am struck with an overwhelming sense of fear, my initial thought is "Am I even capable of pulling this off?".

The question is if the deal itself makes sense.

This is a common mistake of novice landlords.

So, I need your some feedback to help me to decide what to do, which estimate makes more sense to you, r they do not make sense at all?