Best Practices for Finding a PartnerWhat are the most effective ways to find a solid investment partner?

A knowledgeable attorney can advise here.Create a solid operating agreement: Since you own the condo with a friend, a clear operating agreement is essential to outline responsibilities, decision-making, and profit-sharing for the LLC.To save on costs:Look for real estate attorneys who specialize in investment properties and might offer package deals for the retitling, operating agreement, and filing the LLC.Shop around for title companies that can handle the transfer smoothly and provide competitive rates.Research DIY options for setting up the LLC if your situation is straightforward, though I’d still recommend a lawyer for the transfer process itself.Good luck with the process!

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

We use Metron water meters for our mobile home parks, and would recommend them.

My recommendation is to save money through your W2 until you not only have enough for a down payment but a reserve for repairs as well.

It's essential for me to acquire these skills as I navigate potential roles in the real estate industry.If you have any insights, recommendations, or perhaps know of specific training programs or resources for learning Yardi, I would greatly appreciate your guidance.

The priority is consistent recommendations from active investors. 

And of course it goes without saying that any deal of this kind would involve an experienced real estate attorney--especially one that is "great" 😉Thank you for the insight, which is both practical and encouraging!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Hi MoshinSince you are in Texas, I recommend contacting Brett Chotkevys with Platinum Resort Assisted Living.