at its most basic titling the TIC, does not require equal contributions it's just a deed defining percentages.

We want to ensure all aspects of our partnership are clear and beneficial for you.Stay ConnectedFeel free to reach out if you have any more questions or need further clarification.

It serves to create a defined contract to point to if there are questions, you learn how the leases function, it's easier to collect deposits, if you sell your house to another investor you can show it's been rented out. 

Finally, in the event of default, as we work through the grace period we could get the deed recorded in our name before we sought a new buyer (if we couldn’t get the current buyer back on track).Obviously I’m getting the sense no one here’s a fan of skipping recording, I’m just wondering if these additional aspects change the calculus for you at all. 

Your rental is definately not covered if you tell them it’s your primary. 

@Claudio Garcia Zuniga, there are so many aspects that I can highlight, but long story short, renting the home will be way less of a hassle than rent-by-the-room; however, your return will not be as significant.

The newer more renovated houses will continue to rise but I feel at some point mine will appear as an old dated house that somebody looks at and will want as a cheaper place to fix up and renovate.Other than this, I don't really enjoy the out-of-state investor aspect of relying on a property manager when this was always a hands on investment for me until I moved away.

Define your real estate objectives and establish a checklist for better organization.

The first thing I would ask in what you said is to define what you believe passive income to be.

She just gave you a big time heads-up, & by defining your chances by $2K-$3K she very well could have let you know exactly where you needed to be.