Technically no money has passed.

The lot is technically zoned for single family but 3 smaller houses were built 40 years ago and are grandfathered in. 

Sophisticated and accredited investors use Fannie Mae and Freddie Mac Small Balance loans, which are non-recourse. 

We prefer an application be entered on-line, but have papers copies in the event the tenant is totally non-technical.  

Technically, the tenants are paying for the money coming out of the refi. 

A sophisticated investor would NEVER buy an investment property in their personal name, they would purchase it in an LLC.

Garage has been transformed into another bedroom so technically it's a 4 bedroom.

hi, I have several apartment buildings that I manage on my own, but recently a friend of mine asked me if he can invest with me,  so as a good friend I agreed he should put in half of the money for a residential apartment building.but now I realized that since I will be the one managing the property, I will need to take a fee for myself, so I was wondering how it should work. .. from what I heard and I see online  anything between 5-12% of the gross rent, or $80-100 per unit, and all these prices are in in a very wide range.... so I would like to know what are the real average numbers.also I see it can get very technical like when I renovate an apartment whether there are turnovers, late fees, renting out apartments etc. .so I em wondering if someone can give me an exact run down exactly  how to work it out, thank you(I know done wool ask what  I wanna include, but that's exactly my question what could/should I include etc.

At least the learning doesn't have to cost like college or technical school does.Pretending we aren't including the time it takes for basic education and market knowledge required to ID your buying criteria and know if what you're buying is s good value or not, I'd say I have 20 hours in to locking each deal up under contract 17 years in. 

This would technically leave a good chunk of change left over after paying the hard money lender.