When you’re deciding whether to lend to someone, what do you look at first?

Without accounting for management fees (I have not yet decided if I will try to self manage), and with planning to raise rents to typical market of $825 for each of the smaller units, and $1200 for the larger unit, does this seem like a worthy first investment? 

And the split is whatever you decide on. 50/50 is what a lot of people usually do.

I did buy a website which was expensive and produced nothing, still trying to decide what to do with that sunk cost.

This method is simple but not precise.

Cashiers is unincorporated Jackson County - where Highlands is its own municipality and able to act in more precise way that exact community. 

I leave in the Greater New York Metropolitan area, precisely in Jersey City.

It's been a few years and I have now I have decided I want to relocate.

There's a lot of suckers who attend these sales, particularly for the lower priced properties and that's precisely who you don't want to be bidding against.

However, they approach financial health from different angles.The 50% Rule is a quick estimate that suggests operating expenses (excluding mortgage principal and interest) will roughly equal 50% of the property's gross income.The DSCR is a more precise calculation (Net Operating Income / Total Debt Service) that determines if a property generates enough income to cover its debt obligations.Deal example:- Class C middle class neighborhood- 4bd / 2ba single family house- ARV: 190k- Purchase: 105k- Rehab: 35k- Market rent: $1,400-1,525- Section 8: $1,475- Property manager: 10%- Taxes: 125 month- Insurance $1250 yr- HOA: $55 month- purchased and rehabbed with all cash.