We were going to both invest $50k and split 50/50 on the profits on that triplex, which would have brought us both about $300-$400 / mo profit after costs.I want to trust him, but I also want to safeguard against anything going wrong.My goals are to simply buy property, both Multi-Family Units and SFR's, and create a passive income stream to help me with my goals of going back to school and creating something bigger with my life.Any advice is greatly appreciated!

Usually flood zone boundaries and or elevations are altered due to new construction in the area, which may be alterations to the stream upstream (i.e. building higher dikes, etc.), widening the stream below you are two such examples.

Vincent Polisi, I just finished setting up my Biggerpockets account in my ongoing endeavor to become a Virtual Real Estate Investor and create multiple streams of Internet income.

And given a certain income stream, the more valuable the property.

I own property in Rochester and have worked with @Mark Updegraff and I highly recommend him.While duplex's are good for lowering risk (more streams of income to cover expenses) you will get a premium rent for a single-family home and a different type of renter, perhaps one that will stay long-term.Overall I think the duplex vs.

You have a steady income stream from military retirement.

I'll also be retiring from the military so will have a small income stream and low cost health care to reduce some of my risks.Thanks to all those who post on the forum for your inspiration and specifically to the BP Podcast for tons of fantastic ideas and to J Scott who's sample plans I've studied while drafting my own plan.

Another thing we did when the the S-corp was flush with cash was hold financing for several of our Commercial property LLC's thus creating a passive income stream.

Lenders really want to see that you have an income stream that will allow you to pay the mortgage even if your property sits vacant.

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