@SANDRA Hillhouse I have to preface this with I am not fully aware of your structure or situation so this is not official financial advice.If you are structured as anything but a C Corp, you split pre-tax.

If we proceeded the deal would be contingent on actual financials being provided.

What is your financial position outside of rental properties?

Okay I understand or I see and then tell them you’ll make a note of that and you wIll be doing improvements to the property over the coarse of time in the future .

I’m very interested in becoming financially independent and it would be great to have a support system (beyond digital), that we could all rely on together.

Hi Paul,Once you have a successful multifamily deal under your belt (and by successful, the deal meets or exceeds your return projections), you improve your ability to raise money for your next deal.

I purchased a vacant tax property, made repairs, then received redemption affidavit from taxpayer, certified mailed them improvement invoice within 10 days.

I would not have gotten involved financially with my family.  

Once you get to 5 units and up they should be looking at the operating income of the property itself and not at your personal financials.

Slightly under-market, after another $5k/unit in improvements we'll see about $90k/year gross over the next 12 months.