I'm learning I have to be very clear in what I want done and how I want to go about things.Also as part of a package deal they split the 60k sale price equally amongst the three properties where as now I'd have preferred they prorate them based off an estimate.

Insurance of the two rental properties you'd plan on buying- Utilities and holding costs of the properties if not rented (like around here landlords have to pay water and trash and we have to keep heat and stuff on in winter to prevent pipes freezing and we have to keep AC on to prevent floors warping and such during summer)Those would equal the amount you need to be able to afford.

If you muck about in a spreadsheet for 3 hours, you will eventually conclude (if you've mucked about long enough) that the ROI on paying down a mortgage is exactly equal to the interest rate.

All else being equal, I wouldn’t pay the extra few hundred $$ to have electric installed.

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff. 6.

So if it is 8% preferred return then it might look something like for value add.Year 1  4% paid out then 4% more is owedYear 2  6% paid outYear 3  10% paid out etc. until caught up equal 8% preferred return yearly.

If all things are equal and you are house hacking either of them, I would lean towards the MF.  

So we've finally decided to purchase together in a different LLC and distribute them equally at checkpoints or intervals i.e. at 50 properties distribute 25 each.

Rent $650/room with an option to furnish.Utilities will be split equally by all roommates.

FEES UPON TERMINATION: At the time this agreement ends, Owner must pay Broker:A. all amounts due Broker under this agreement; andB. if the Property is leased to a tenant on the date this agreement ends and Owner terminates thisagreement, an amount equal to the lesser of:(a) the management fees that would accrue over the remainder of the term of the lease; or(b) $ .If more than one property or unit is made part of and subject to this agreement, this paragraph applies onlyto those properties or units then leased and applies to each property or unit separately.Other issues I have with this property manager is that I was charged 14.286% extra management fee than what was in the agreement for all my properties.