@Gates Mueller Thank you and will do!

I had not previously thought there was one, or thought to look for one, however, the fact this property is within a gated community indicates to me there must be.The borrowers are uncooperative and have not been responsive to my request.  

My listing is in the north side and out in a gated community in the country.

I think most experienced investors will be of a similar mindset.3) This makes no difference to me and I would not see this having any impact on the split.4) This also makes no difference to me, as deals are the gating factor for me, not money.I think the biggest problem you are going to have is finding people who have a deal, have experience, have contacts, yet lack capital.

A few more things I'd budget for right out the gate--like mechanicals, fencing, driveway.

If you build a new house with your dad you'll have 3 advantages; you can build it to your exact specifications, you'll have minimal maintenance issues and, most importantly, you'll equity right out of the gate.

As for occupancy, given a good property management company and a clean property, you should expect to have low vacancy in this area.I would however caution you against buying an attached home and in my opinion do not buy in the gated neighborhood just to the east of this intersection.  

You don't have to buy an apartment building right out of the gate- house hack and rent to your buddies.

Many people don't have the luxury to do this full time right out of the gate, so it can be done!

It has been a while since I've had any updates but I wanted to add a few things today.I had originally talked about a potential buyer that I had right out of the gate!