BTW, I forgot to ask what are the more likely ballpark rates for a project like this nowadays?

How's your market nowadays? 

It's been the best move I've ever made, but I was incredibly picky.I m in the same position ,I m planing fly out to OH next month to meet up a local consultant and to partner up with deals, the structure he provided is 50/50, means I invest money ,he invest effort (finding deals /rehab/finding tenants etc.all the heavy lifting )and we share everything, debt /profit/cash flow----50/50, buy and hold for long term on MF rental properties, the properties will be under trust agreement and with his name and my name as beneficiaries.I was still wondering what is the long distance partnership like in nowadays?

@Brett Kash How are you doing nowadays?

But they do the homes; I would think park financing would be easy nowadays (assuming it is stabilized) . 

Nowadays it seems like a goose chase for buying multi-unit properties in the Bronx and Queens

In the old days the tax auditor records were on actual cards, but nowadays its usually all online

You will probably pay the most income tax that is charged against short term investments instead of owning rentals which reflects that type of income as passive income (which is usually when it is owned over 12 months)  but usually is taxed less nowadays and takes 20% down no matter where you might borrow. 

Currently, a casino and a laundromat occupy the 2 units. 

I give myself a break on this because 13 years of K-12 and a father with a PhD was a lot of brainwashing to get past alone in 4 years of college (which also offered up its own very large share of brainwashing, even to a humanities student).I can only imagine what he would have told me if I had explained I had put aside my summa cum laude degree and four full-ride offers for my own PhD and was working for maybe 10 bucks an hour to learn renovation carpentry.My hat's off the young people who are figuring the big societal lies out nowadays at a young age.