If the property is turnkey i.e. fully rehebbed with all major items like roof, plumbimg, electrical and mechanicals etc. updated you may need very little cash reserves at least initially for a few yrs so you mighe be ok.Having said that I would recommed having some cash as reserves or have way to pay for things in case if something comes up with the rental or in your personal life for that matter.

And I don't understand the total initial equity.

I am not an accountant so verify this recommendation with a professional.  

Neighbors had pictures of those guys and stories of wrongdoings but, cops left with advice for me to initiate the legal process, they can't do much about it unless they catch them stealing or doing any wrongdoing.I got my LegalShield plan and tomorrow scheduled to get the handover of keys and accounting details from my ex-PM.

I do not have the means to address homelessness on city wide basis.I think I would try it on these initial few tents and if anyone else moves back to the same location in the next 6 months, I would look for a different solution.Good luck.

I would act as property manager for the property, and in lue of fees I would put those funds back into the operating account until those funds matched the initial investment that was needed by the other 4 partners. 

Wrapping this all up and getting back to my initial question, how do I calculate rent damages on this.The lawyer had figured how much was owed up to the point in August when the 3 day notice expired.

Initially I thought maybe one person would reply, but many did.

Initially I had no one to help me.

but here we are...Our initial plan is to (conservatively) BRRRR.