He didn’t just answer my questions—he showed me how this game is played at a much higher level.

Hiring a property management company with experience in the markets you're considering can be a game-changer.Have you identified which markets you want to invest in?

Hey BP,I’m relatively new to the industry with about 1.5 years of experience, but I’ve already learned that automating common tasks is a huge game-changer for efficiency.

Look, we were for most part playing a game of American Football for a long time.

He has been alongside me on the other deals so I’d like to give him equity/skin in the game and I don’t know how else to do itQuote from @Basit Siddiqi: Getting a property with a partner / friend will not help you from getting hosed on taxes.I wouldn't move forward - You mentioned beng a high income earner so your hourly rate is very high.

Each grouping had a common room (perhaps it was shared by multiple groupings ... this was a detail I missed) with a nurses/aid workers office.Central to the two sides of the complex were common facilities such as a dining hall, gym {perhaps a pool ... another detail I missed}, theatre &  games room.With one of the fastest growing groups in our society being single people, we are examining a related idea of a  complex / building providing a modest-sized 1-bdroom "apartment" with more semi-private and common amenities.When I read the title to your thread, I thought it was a project proposing to mix students and seniors into a single complex ... and came in thinking, this ought to be interesting :-) 

Screen them as you normally would - does their income substantiate their portion of the rent +/- a little for changes in what the housing authority will pay out?

Thanks tons and if this question sounds very immature, i'd say 'that's about right' given how new to this game we are.Thanks again!

With $50k I can get 866 share x .264 payout a month is $228.62.

Do you know if a roof that was replaced due to an insurance payout can be added to the basis?