If not, it's a non-starter for me.After you move out, will it cashflow in real terms (i.e. after all of the expenses you will then bare, including management, does it cashflow at a level that is acceptable for you?  

Architectural purists will be relieved to hear that the home has seen barely any structural alteration, apart from the removal of a closet that was originally near the front door.

And as I’ll share with you in a minute, that’s something I want you to steer clear of for now when selecting your rental market.You’ve probably heard the mantra that goes something like:"Look at what everyone else is doing and do the opposite”This is one of the times to heed that advice.But, before we look at what criteria makes a great linear market, let’s examine the “old criteria” (that I used to recommend) and exactly where it went wrong.This will help you get an even better understanding of why we’re going with the new criteria moving forward.Typical (Old) Market Recommendations:Find A Market With 1% Rule Deals On The MLS1%’er = a house where the rent divided by the all in price is at 1% or greater.Example $700 (rent) / $70,000 (all in price) = .01 or 1%.This is typically the bare minimum ratio that a rental property investor will accept.

- The key is to find properties where you can add bedrooms & bathrooms, or at bare minimum update the kitchen & bath- Also keep in mind what area will have the highest rental rate! 

I would say my property barely breaks even, but I have never had to worry about my tenants not being able to pay which was a huge relief once the pandemic started. 

We have found that most multi-unit properties for sale set their price right at the limit of rent income (with a 20% down), so your P+I at asking price tends to be barely covered.

Right now I'm barely got into the Pro of BiggerPockets.

For small amounts when the F/F don't actively participate, just do a note/lien on terms. 

At the time of exit would the other partners participate in the profit of the sale or simply the yearly 'dividend'?

Here's a simple formula that is somewhat standard but it fluxuates depending on the market.ARV * .70 (investors like a 30% profit if the market can bare it) - Rehab Cost - Your Fee = Maximum Allowable Offer$100,000 (arv) *.7 (profit margin) = 70,000- $40,000 rehab - $10,000 (assignment fee) = $20,000 your maximum allowable offer.