It sounds like you are over complicating it with the assignment.

I am curious if I am understanding the only way a tenant in Texas has a right to withhold rent is if there is an amicable agreement between tenant and landlord or if the landlord fails to remedy a problem with the house that impacts the the safety and health of the tenants.I am trying to keep things simple and not complicated on this question. :)

If you combine them into a commercial property, the lending rules change and financing becomes more complicated and more expensive.3) the economies of scale are the same for 3 duplexes or a 6-unit parcel.4) insurance is likely less expensive on 3 duplexes5) a valuation based on NOI may or may not be greater than 3 residential buildings.

I was just wondering if there was some complicated mathematical formula I should be using to figure out my ROI.

(More complicated with the partnership.)You're hoping to not "make the same mistake" - but there was no mistake.The only mistake could be filing a separate partnership return, something to look into.If, on the other hand, your CPA does not give you what you need - like explanations and tax planning, for example - then it may be worth looking elsewhere.

Hi James,If you decide not to go the new construction route then the deal becomes a lot more complicated then just signing people in at the builder's sales office.  

That is really a complicated question.

It’s just complicated due to what I stated above.

I have stopped by a local bank in my hometown to inquire about a construction loan and it's SUPER complicated or maybe it was that specific bank making it complicated. 

Maybe 125 even.I am pondering if there might be a good opportunity get into this house with some creative but not complicated financing where I DON'T have to put 20% down and be advantageous to both myself and him.On the surface, I figure he prob owes about 98K on the house.