Due diligence is crucial in any business venture, and skipping it can land you in more legal failures than successes, especially with subto deals.

When it comes to business, EVERYTHING must be in writing - via Partnership Agreement.2) Sure. 3) Depends on what your Parnership Agreement states.4) If you're local to the property, it's a great learning experience to DIY manage.

The best accountants and CPAs will be able to offer you a secure document transfer system in order to keep your sensitive information safe, and also be able to conduct their bookkeeping and tax return services electronically as well, saving both time and money.In my personal ventures into real estate, I have started several LLCs and would be happy to share my real estate experiences with you. 

Alternatives include exploring seller financing or joint venture partnerships to potentially reduce your upfront cash requirements.

At the top end of cap rates, deal profiles that lack a sizeable rent growth story and rely on bank or CMBS debt can find yields in the 6% and 7% range.In October, Faropoint purchased two 1970s vintage business parks outside Newark, NJ, from a venture between Camber Real Estate and Advance Realty Partners.

Good Morning BP World! I am reaching out to see if anyone has a good, but basic, JV agreement they would be willing to share in a word document? All your help is much appreicated! ThanksAndrew 

Also, I tell them not to buy used furniture.If you have SFR vs multi-family, you should consider being more or less easy to talk to about it, so, that if you are multi they don't DIY goofy stuff that ends up making it worse and spreading it to other units.ALSO, consider treating between each turnover, as it is much cheaper and easier to treat a vacant unit.Lastly, check out DoMyOwn.com ...they have products and great advice about all pests.Good luck!

@Maria MoyaIf you are married, you are likely going to be forced into working together with your spouse on any real estate venture.

We face a dilemma as we embark on this venture with a clear business perspective, committed to implementing best practices in property management from the start, including engaging professional property managers.

If you insist on DIYing it, I'd recommend first calling a few general contractors that you see on the sides of buildings under construction in the area.