Unfortunately it is common for novice landlords to experience greater losses on bad tenants.

Financial loss would still be zero but you'd look like a used car salesman who runs a chop shop.

Will you sit on it and hope or will you sell it for a loss and have it transported to somewhere with demand?  

Also since the rehab is just completed it's easy to overlook the capex layaway account but unless you plan to exit (most likely at a loss) in the next couple years it's best to start accruing for all of those down the road items.Thanks for sharing info about your deal, and best of luck to everyone with your REI.

Instead, I prefer to use COC return.It is the same concept if I have a trading account and i use my margin to calculate my profit/loss.

I'll finally finish the rehab on my last house, take my losses, and move ahead.I have seen you posting on this site for years, and almost moved back to Milwaukee to try out the market based on the experiences you shared.  

It allows you to slowly turn over the property into the higher market rent while keeping vacancy loss and rehab costs more spread out.

No offense but I assume you don't have any loss prevention training or experience, and I assume you won't want to take on liability if something in my house does go missing while you show it. 

As far as partnership splits go, a lot would depend on whether they are just a lending partner and only earn interest on their money, or an equity partner that shares in the profits and losses.  

the purchase process is the simplest part of this journey, it's the duration and exit that will make you money (or loss).