Who pays for what expenses?

This one pays off the mortgage but no other expenses which cost about ~4000$ per year (because I live in it).

If they pay low rent then they could still be below average for sales but make a profit.

I also alter the numbers slightly because the market is a little expensive.

Hey Elliot Jones besides all of the things around making sure you find a place in an area that has some possibility for price appreciation, I would caution to be very conservative on your projected incomes and expenses.

A license can be expensive to maintain.

Maybe an LLC where you are both members.When you get to more than a few people investing, you enter syndication territory, which is very complicated (and expensive).

Unless it is a really killer steal, your Practical options are probably at best to recoup any Actual expenses on this deal, and move on.

For calculating expenses I'm taking a percentage from the monthly Rental Income.  

Is the demand just low at this point?