You would probably get more from investing that 25k with an investor and divide profits.

Paul most investors do not use GRM as it is too vague.2% rule is typically for small houses in a lower price range.2-4 units and 5 units or more is usually evaluated this way.Take gross expected rents: Say 4 units at market rate 800 rent is 3,200 a month. 3,200 gross by 12 = 38,400 annuallyIf the landlord pays no utilities divide expected gross income by half to come up with 19,200 NOI before debt service.

Don't forget walnut panneling, spanish wrought iron light fixtures, fuzzy toilet seat covers to match the tile, hanging lamps with garden bottoms for ivy, entry planters on dividers and outside lawn art, white geese and ducks.

In the meantime, there are some obvious opportunities for those that acquire or build tiny houses, such as partnering with local land owners and dividing up Airbnb profit.

For example, you can have 2 neighborhoods divided by a major street where one side is comprised of totally abandoned/boarded up houses and the other side is a middle class home owner neighborhood.

If negative, then add that to your personal debt payments.Then divide personal income and debt payments.i.e. 3,000/mo personal debt divided by 8,000/mo personal income. = 37.5% DTI.Now say your rent is 1,600/mo on your one property.

Currently, we divide the water bill among all the units every 6 months and bill the tenants.

They are coming in around $20k, which is a lot to spend on a 2-bedroom condo, but, when you divide the $300 increase in rent by the investment, it's 16% ROI. 

/ How do we finance deals with 3 people dividing equity?

There is some opportunity for "baskets" of land that really aren't positioned for a specific buyer (think of one parcel that is half hunting timber and half tillable, with maybe a wetland issue or two or some work to clean up a square piece for farming) where you could go in, tidy things up and do some savvy dividing.