We are 50/50 partners in our LLC and both contributed cash to the purchase of a SFH rental, which was attained below market value due to a distressed seller. 

I am trying to buy a triplex ( which im going to convert back to a duplex) and behind this triplex is a single family home (for 50 k cash and I am going to fix up). 

Would it be fair for FIL to be a 50% owner with the wife and I owning 50%?

The bigger ones 20+ are relatively few and far between but same kinda rule applies what does sell trades primarily off market.

You Know what they say," never believe 100% of what you have heard, only 50% of what you see and 25% of what you can verify".

First of all, it doesn't even meet the 1% rule (rents = 1% of the All-In price).

I'm going to practice analyzing deals based on the 70% rule for flippers.TLDR, my goals.1.

Hey BPIt seem like an eternity ago I did this for my first primary home.After a break up with the GF, the plans to buy multi family have come to a halt and I need to move out.I'm looking mostly at co-ops and condos that need 20% down.I'm going to borrow 50% from my 401k.

I would be funding the deal, and splitting cash flow 50%, while the other end is acquiring the deal, and handling the management, maintenance, and keeping it occupied. 

I personally would dedicate roughly $50 per door or 5% (whichever is higher) to CapEx unless the building has gone through a complete remodel recently.