Just as a follow up, I found a local lender able to do 15% down, sale price was $97,500 and had to put like $21,000 out of pocket total. 

I was looking through the public property records for an area that I'm looking to invest in, and when I was looking through the page it said that the "2018 Total Value/Taxable", was $79,000.

And because the asset returned 30% IRR on equity, the GP walked away with roughly 45% of the total equity returns.Would you be comfortable with that at all? 

Told them if the total isn't paid I will have to issue a pay or vacate form to start the eviction process.

Also when considering away markets, I would suggest building your own team instead of totally relying on others.

I’ve made substantial improvements to the property (flooring, texture, interior and exterior paint, total bathroom remodel, painted cabinets, new carpet, crown and base, new doors).

And I don't understand the total initial equity.

Before I purchase the land, I would like to know my total investment including building, so are there any cost factors I should take into consideration?

The pro forma also has Cash ROI and Total ROI which I am familiar with.  

Purchase price: $197,500FHA 3.5% down: $7,000Mortgage, taxes, Insurance: $1,5352 Bedroom rent: $1,1001 Bedroom which I'll live in for a year but could rent for $850Barber shop in building: $650The only thing I pay for is heating which was $2,000 total for last year the rest of utilities or paid by tenants.My question here is with me owner occupying I will clear $215 but once I move out I will clear $1,065.