We are trying to figure out a good split of equity and cash flow since they will likely be putting more down upfront but they live out of state and we would be doing a majority of the management. 

Purchase price: $168,750 Cash invested: $40,000 Sale price: $238,000Offer accepted 1 day after listing - Sold for 3k over asking. $29,250 PROFIT.How did you add value to the deal?

My wife and I are leaning toward renting because of the long term cash flow opportunities as opposed to the immediate cash profit.

If any of the "Big Five" systems (HVAC, plumbing, roof, electrical, water heater) haven't been updated recently, they still should be budgeted, even if you expense them later.Also, if you're primarily buying for cash flow, then this seems like a whole lot of work for just 7.75% CoCR!

Future plans to make cosmetic upgrades over time as units become vacant to maximize future cash flows by increasing rents and finishing apartments to a high level that will encourage long term tenancy.

The listing agency is saying it would be about $20,000.00 per month to borrow that much but considering you should be able to get a bare minimum of $1,250.00 each unit per month, and probably more, there is some cash flow that could be made.  

And of course you must reinvest 100% of the “cash” you receive or it will be taxed. 

Purchase price: $240,000 Cash invested: $30,000 Bought and renovated myself to a dream STR and MTR property.

Purchase price: $250,000 Cash invested: $15,000 Purchased two houses on one lot for $250,000 at 2.5% interest.

Finally, my end-goal is to find a good tax deed deal, rehab it, rent it and then cash out with heloc or refinance.