This makes a strong partnership agreement critical to protect your interests.Legal and Tax Implications: Consult with a real estate attorney to formalize your agreement and ensure compliance with local laws.4.

I agree with a strong property management plan, but I find the screening process is paramount. 

I recently purchased my first investment property and am now focused on exploring opportunities in the Kansas City multifamily market for my next acquisition.Kansas City holds a special place in my heart—my family is from KCK, and I’ve always had strong ties to the area.

We held strong to our price and terms.

Utilities will need to be in your name, and you will want to provide strong wireless internet, as well as some sort of basic streaming service like Netflix at a bare minimum for entertainment purposes. 

Hey Danae, I’m fully booked with my properties for the holidays, so things are looking strong on my end!

Your replacement property needs to be equal to or greater than the aggregate amount of your net sales.

Quote from @Jay Hinrichs: Quote from @Bruce Lynn: @Jay Hinrichs      But I do understand the OP points and I think that folks just really dont understand the work and risk involved in ANY rental property short of NNN leases with super strong companies Exactly. 

Owensboro, the state's 4th largest city, has a population under 100K, and many OOS investors prefer cities with at least 300K residents and strong job growth.

That way you'll get better terms from your experience going up and through building a strong partnership.