It sounds like you’re in a great position to start your real estate journey, especially with your brother as a built-in renter.

Keep learning and assessing your financial position as you grow.Good luck!

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Unfortunately, researching websites doesn't give me clear, straightforward answers that, yes, they have expertise in this particular real estate strategy.I'm specifically looking for attorneys in RI, MA and FL.

This website is so helpful to those of us finally getting started.  

If it is helpful at all this website www.engelvoelkersnovascotia.com has all the listings in NS including sold ones and gives great market insight on ALL properties in Nova Scotia.

Would anybody in similar position be interested in starting a partnership/s to go in on a loan together?

The loan shows it is SUPPOSED to be issued only if its in 1st lien position, but if a mistake was made in 2005 it would not be in 1st lien position.

The risk that the borrower can default, the risk that you will have to foreclose, the risk that you will have to take over payments on the 1st TD if you are in 2nd position, the risk that you have to invest $$ into the property to sell it... 

That website is traced back to Auction King.com a BBB confirmed fraudulent company and is traded as Government Auction Luxury.