Justin,I would just keep that amount in a money market account while directing a percentage of the monthly cashflow to that account for capital expenses, vacancies and other items you may need to account for. 

I have to select a predetermined percentage.

I forget the qualifier, but when the property is fully rented out the income (as determined by an appraiser) needs to be over the monthly payment by a certain percentage.

Set up your state LLC and in the operating agreement show the percentage of the company each will have based on the loan amount and amount brought to the table.

That would puts the percentage down at only 2.27 (below FHA). 

In English, as in dollars not percentages, what would your cash flow be if you replace the electric panel and roof now. 

Purchase price - $480,000 (Nov 2018)Own money spent - $96,500 (combination of cash / loans but all paid off now) Income: total rent - $4,800Expenses:Mortgage, taxes, insurance - $2,600Vacancy - $150Repairs - $100CapEx - $237Water & Gas & electric - $84 (percentage paid by me) Property management - $330Total - $3,501Annual cash flow - $15,588CoCROI - $15,588/$96,500 = 16.1%Total ROI:Current house value - $600,000 (conservative)2% value increase per yearHouse value in 5 years - $662,448Sales expenses - $38,122Loan pay off - $426,673Total invested - $96,500Profit - $101,1535 year cash flow - $77,940ROI - $179,039/$96,500=1.8559/5years=37.1%I haven't added in the mortgage cost for the 18 months we were living there whilst work was being done as this would have been an expense we would of paid anyway even if it wasn't an investment.Let me know your thoughts and please highlight any errors.

We’re looking at saving $400 a month on our mortgage, drop a percentage point and the cost of refinancing $12k rolled into the mortgage.- Thank you for the AUD info I will look into this.

@Amin Mutal Just remember, ROU as a percentage will vary widely depending on the market and purchase price.

is it equal control or do i get a certain percentage since i'm being added