But, if I already have that additional 15k so i am thinking I’ll invest that balance 15k and make the profit split 65-35 and split all the future expense as well as the profit when we sell the property at 65-35.Am I reasonable in thinking the 65-35 way or should I just lend him 15k and keep it 50-50?

Pros: Good location that balances work proximity with a good area with potential for natural appreciation.

I am realizing the 70% may not be achievable but that does not mean it can not be profitable.

That could sound selfish but it is widely understood that the great things that we want to achieve and the number of people that we are aspiring to help will be a challenge if number one is not taken care of.  

I have $300K cash right now which I don't have a way to invest  (If I spend 6 months and put $50K out of pocket on each BRRRR to achieve $1000/month cash flow, then I need to flip 6 properties to spend these $300K). 

They sent me a check for the deposit, a month before there stay they sent me the balance.

Take those expenses off of your balance sheet; don't include them in rent; you could be stuck paying late fees, penalties, and overages you don't have money for.2) You can reduce vacancy to 5% if you're signing them to a standard 1 year lease. 

I in VA but not familiar with that market, but just wanted to chime in to say a purchase price of $380K to achieve a $2K rent is terrible.

almost every story I've heard of someone losing their shirt from over-over Leverage involved a hunger for growth that got them off balance.

@Ashok BhupathirajuJust because you can do something doesn't mean that you should do it.I think you should mention what you are trying to accomplish and we can determine if the steps you are taking are achieving your goal.What benefit are you obtaining by having items run through the LLC while the property is in your personal name.You should consult with an attorney but you will likely be named in a suit if something bad happens just because the title is in your name.