Does the new partner want to spend six months of the year in two of the units with their family or would they rather it purely be an investment.

Every time I change cleaners, I spend at least 3-5 hours retraining on my processes and expectations and even then things are missed.

To continue with the 8-unit example, you again end up spending many multiples of these costs to build a comparable portfolio of single family properties.Another disadvantage of single family properties is that there is only one tenant per building and if they stop paying or if there is a vacancy, the entire cost of that property is on you and your wallet until you can fill that vacancy and get the rent coming in again.

I'm looking for someone is willing to spend time with me and maybe teach/talk/travel around the city some.

With less experienced or just poor planning operators, it isn't uncommon that they spend years distributing all the cash out to the owners, and then the time comes for a multi million dollar refresh to maintain the hotel brand, and no one wants to cough up the money back into the entity.

I’d love to assist you in navigating the market.We also have an experienced realtor on our team who focuses on working with property investors.

How much will you spend in repairs on a 1920's house with renters ? 

This is going to keep your bid honest, rather than lazier and keep your cash position stronger. 4) The only time you spend in this, is finding & closing on the quality assets and playing devil's advocates for repair/rehab/fixing costs.

Take the money you would be spending on filing and additional costs and put it toward an umbrella policy.

We've started looking into real estate because we want to use our valuable time to invest in our kids as they grow and invest in our local community through volunteering, not spending all of our time working 9-5 for the next 20 years.Our goal with Bigger Pockets for this year is to determine our plan for investing, and then make our first purchase.