Need some advice please...

[Jeremy Keone]

Aloha,

First time poster. New to the community. A lil experience in buy and hold strategy. 

Deal:

$85k investment for 50% ownership in a vacation rental property worth $750k with a loan balance of $700k. 

Prop rents out for $2100 per WEEK. Half the expenses, half the profit with partner. House is in above average shape, no deferred maintenance issues. 

Goal: buy and hold

Escape strategy: sell my 50% ownership if need be. 

Not related to current owner, just a friend of a friend. Let me know what you guys think. 

Mahalo