Make a decision on your interest in buy-and-hold, fix-and-flip, or other techniques.

If you plan to continue working in houses like this, yes, it's worth developing this skill.Look online for how to use oxalic acid and peroxide cream developer to lighten floors, the actual technique you'll use.

Partnerships can get a bit messy:Partnerships need to have contributions between two or more people, sharing in profits and losses Partnerships are passthrough: they dont pay tax, the owners do via the schedule k1 then on the 1040The amount on the k1 is not necessarily a distribution.

I distributed the property in 2020 as a CARES act withdrawal.

The income generated from these properties is then distributed to shareholders in the form of dividends.

If you choose to use this technique these are some of the Pitfalls to watch out for.Subject To Pitfalls1.

I know how frustrating it is to work so hard for something only to lose it, the knowledge or techniques to become out of date and to feel that you have lost your 'edge'.

I'm in an industrial heavy market I'd look at that first and distribution markets.

If you get into more complex investment strategies where cash flows are not evenly distributed, then you’ll need IRR.

Multi-family properties allow you to employ several different investment techniques.