I would also recommend a 6 month lease so you are not running into this same situation year after year.

But those folks were in way worse situations than you are..  

In this situation, is it better to get a property through regular means, look what is on the market (through realestate agent), or maybe go through a sheriff sale?

What does the partnership split usually look like in these situations? 

My cousin that I have been trying to get on BP has an interesting situation.

Real estate investing has been a passion of mine for time with my mother also having invested early on where I likely have gotten the love and desire to follow similar foot steps.I have taken last 6 months to educate myself and currently own a single family home as primary residence and would like to expand to multi family properties (2-4 units) for additional stream of income, not to mention potential tax benefits for long-term investing.Based on current living situation, I have a fair amount of equity established in my primary residency along with having enough cash to either pay off house completely or use towards investing in a multi family property.Given that I'm the sole source of income for our household with my wife being the home maker for our two kids under 2, trying to weigh out risks with getting started now or perhaps waiting. 

Situated on a 0.52-acre lot, the property provides a spacious environment.

I just wanted to share that resource and potentially de-stress Quest 401(k) holders. 

The more rentals you have the more risk there is to having a bad situation crop up.

I’d love to hear your thoughts, advice, or any experiences you’ve had with similar situations.