Co-Ownership: $55,745 per share. Birmingham – Colonial Style

$ 55,745 per share

This property can be purchased by one investor in a traditional ownership strategy: one owner, cash or mortgaged. Read more here


Financial Assumptions



Rent (upper) $1,600$19,200
Rent (lower)$1,500$18,000
Property Tax Rate (Approx.)   
Property Taxes $120$1,440
Insurance $95$1,140
Repairs $70$840
Variable-Cost PM 8.0% 
Property Management Fee$425$5,100
Leasing Fee $38.8$465
HOA $0$0
Vacancy Rate 4.0% 
Total Fixed Expenses $505$6,057
 Total Expenses (Fixed + Mortgage)$505$6,057

What is Co-Ownership

Program Highlights

  • Multiple owners
  • Cash purchase
  • Operation manager handles the day-to-day activities
  • Less hassle -> more passive
  • Long term hold
  • Organized as an LLC


  • Lower cash requirement
  • “Out-sourced” main activities to a professional
  • Higher cash flow

Program Costs

Costs vary from one property to another and are also impacted by the number of members (shares) involved w the deal.


 Per ShareWhole Group
Setup Costs  
$/ share$50,000$250,900
# of shares5.0 
Reserve funding$2,491$12,500
SDI service fee7% 



The Operation Manager

SDI has collaborated with a knowledgeable individual in real estate investment within the local area to manage all the ongoing matters concerning the rental property.

The use of OM eliminates the owner’s responsibility of overseeing the daily management and maintenance of the property, as well as making decisions related to it.


Although the OM is responsible for supervising and managing the daily operations, there are certain tasks that the OM is not authorized to handle or approve, and requires seeking majority owners’ approval:

  • Sale the property
  • Obtain a mortgage or refinance
  • Approve an expense over 12,500
  • Terminate or replace property management co.
  • Majority owners may elect to terminate the OM

Additional Info


    Yes. If the co-owners have a majority, they can decide to terminate the OM (operations manager)

    Not at the moment. Currently, the co-ownership program is open to cash only purchases.

    Yes. Owning is true real estate ownership. You purchase a share in a property-specific LLC. The PROPERTY is fully managed and designed specifically for co-ownership.

    Yes. The legal forms and closing process are similar to a standard home purchase. We partner with local real estate agents, property managers, title & escrow, inspection, and an operation manager.

    Owning real estate with others in an LLC is not a new practice. However, “DIY” LLC co-ownership is a headache to set up and a hassle to manage, especially when personal relationships are involved. This is a fully managed LLC co-ownership solution that removes the interpersonal stress and operational hassle of going at it alone.

    Home operating costs, such as property management, maintenance, taxes and repairs, are passed along directly to owners transparently with no markup. Costs are shared pro rata. Owners pay an additional monthly fee which covers LLC oversight and ongoing owner support.

    Yes, as a true owner, any equity gains realized are yours.

    All operating expenses are passed through at cost, and all cost statements are available to owners upon request. Overhead expenses cannot increase fees without cause.

    Material changes require an ownership vote. The Operating Manager has limited authority to make non-material changes (e.g., change of address for state reporting purposes) on behalf of the ownership group.

    Reserve funds are held in the individual LLC's bank account, managed by the OM. Funds are only used for the home’s repairs and maintenance. When the need for a major repair arises, LLC, via owners, will allocate funds after a transparent competitive bid process.

    Every share owned holds a vote. Owners can bring major issues about their home to a vote of the group (e.g., a decision to upgrade the sound system). To call for a vote, notify your OM.

    We use a multi-member manager-managed LLC. These LLCs are a unified front that represent and protect a group of buyers. Each LLC has its own bank account, tax ID number and holds title to the property.

    Legal expenses, to the extent incurred on behalf of the LLC, may be passed through to the owners as a Basic Expense of the LLC. Each home has a homeowners liability insurance policy.

    Generally, to the extent such costs are not covered by insurance, the LLC indemnifies owners acting on behalf of the LLC in good faith and in accordance with the LLC operating agreement. Owners who act on behalf of the LLC with gross negligence or willful misconduct, or violate of the terms of the LLC operating agreement, will not be indemnified by the LLC.

    The OM works at the service of its owners. If owners decide that the OM is not providing adequate service, the owner group can vote to remove the OM as the manager of the property and self-manage the property.

    Routine matters are minor repairs to keep the home in owner-ready condition. Examples are ongoing home maintenance like winterizing a deck or replacing a broken dishwasher.

    Owners are not individually responsible for life-limited items that eventually need repair or replacement, like a dishwasher; those are paid for by the LLC reserve fund.

    OM would step in and advocate on behalf of the LLC. However, this is very unlikely. Many properties are comprised of LLC-owned properties. We do not anticipate local zoning laws to change, given it would disrupt many households in many markets.

    The deed for each property is recorded in the name of a property-specific LLC. Each owner holds their interest through the LLC, which provides for both privacy and liability protection.

    • Updated On:
    • April 8, 2023
    • 3 Bedrooms
    • 2.5 Bathrooms
    • 2 Garages
    • Year Built: 1987
    Property Id : 58397
    Price: $ 55,745 per share
    Property Size: 2,43800 ft2
    Property Lot Size: 23,52200 ft2
    Bedrooms: 3
    Bathrooms: 2.5
    Year Built: 1987
    Garage: 2
    Basement: no
    External Construction: Vinyl Siding
    Rent (mo): 1700
    ROI (ann): 9
    Cashflow (mo): 1100
    Property Taxes (mo): 120
    Insurance (mo): 95
    Repairs (mo): 70
    Management Fee (mo): 425
    Leasing Fee (ann): 465
    HOA (mo): 0
    Vacancy Rate (ann): 4
    Other Features
    back yard
    covered patio
    fenced yard
    fireplace, backyard, fenced yard
    front yard
    private space
    $ 333.94
    per month
    • Principal and Interest
    • Property Tax
    • HOA fee
    $ 264.26

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