Basically the current LLC will first deed 50% of the property to you and the other 50% to your partner as tenants in common.

But it figured it out as:-What would be my total NOI if I paid off the $1.2m balance (and now that I'm thinking about it, I maybe should have did what the extra NOI would be since there would be no mort payment anymore)-For the total property, I basically took what the price of the building is today and assumed it increased by 1% per year.  

The goal is to buy or build at a basis that creates equity day one and gives you breathing room.Lane two is a value add buy and hold, basically a BRRR style deal where 40k may work in the right neighborhood.

For screening, run your own credit/background (SmartMove or RentSpree), verify employment or a corporate letter, and collect first month plus deposit up front since 30+ days is basically a tenant in Ohio.

For 2–4 units, cash flow usually comes down to boring basics more than fancy metrics.

The buildings are vacant, built in the 50's, and are basically a gut and redo. 

Builders are basically rewriting the affordability math right now, and it’s not because their base prices crashed, it’s because the incentives are doing all the heavy lifting.

It's impossible to budget capex accurately without an inspection unless you are experienced enough to walk through and basically do your own inspection and know what everything costs.

I’ve got a buddy who owns a condo in Wynwood — a developer is buying the entire building for a conversion, and he’s basically doubling his money in just a few years.

They only allow basically 1 business day for payment at the PBC foreclosure auctions.