Yes, you can ultimately own a property with little/nothing out of pocket when you're done - but when you reposition with today's rates even moderately leveraged stabilized assets can be hard to find cashflow with debt service and a realistic operating expense load.

If I was going to buy something for my company to operate out of (70% of the property), I would then go for a 7A SBA loan.

Go here and ask the operators yourself: https://www.facebook.com/groups/officialpadsplithostcommunit...

*If your aunt was cooperative, you may have been able to form some formal operating agreement... although I am not sure how that operating agreement would hold up in your state.1.

Put a virtual potential call center at the front line to field calls and this feels like something that could be done cheaper than what appears to be $26/door/mo.

The way I was explained it was your net operating income minus depreciation yields your net income and you pay tax on that.

We are considering doing a 50/50 partnership where he will provide the management/operations and I would provide the down payment.

Have your attorney send your contractor a letter explaining your dissatisfaction, any legal, ethical, or moral violations his operating methods result in, and making him an offer BELOW your “target” amountbest of luck I have an attorney that I considered speaking with on this matter, but I’m not sure that he specializes in things like this.

And this helps make admin tasks more palatable.I have also started working with a virtual assistant to body-double me. 

There are both dishonest operators, as well as incompetent ones, that could lose your entire investment.