I would set financial parameters based on what you want your COC return, ROE, and monthly cash flow to be.There are ways to control for CAPex in older properties, it is just more time-consuming.

Will that sort out all the financials of the other individual since that needs to be put forth for the LLC?

If you are providing sweat equity and your friends are funding 100% and taking the financial risk, 50/50 with some sort of preferred return on the investment is probably in line. 

It does not really matter what you have to pay if your investment still makes your minimum percentages on your most important financial categories and still makes a positive cash flow, whether its 41/2 or 12 percent on the interest rate and any applicable points. 

I just picked up a new book called "Financial Freedom with Real Estate Investing" by @Michael Blank I am only about 50 pages in, but so far it is really good. 

@Steve Rozenberg multiple streams of income and the pursuit of financial freedom.

I am working toward family and financial goals through.I am open to any advice and comment( negative and positive) that anyone may have. 

It ignores the things that are destroying families, destroying financial independence, and destroying wealth in modern society.

I have a good plan , but it will have to come with a two year sacrifice with changing my career and my current job to take on a different position to save more money and build a better financial future.

I am actually studying to be a financial planner and this is what I have learned.