I believe that since I am not in a Rent Controlled Area I could indicate that I plan on raising rents, which could make them voluntarily leave, otherwise I would need to go through some other course of action.

_r=1&Deciding between Charlotte and Philadelphia was challenging, but this is how I did it: Step 9: I pulled high level statistics from Trulia, the census bureau, and the Bureau of Labor Statistics (college educated percentage, commuter percentages, house hold income, median age, home owners percentage, marital status, crime, 1900 to present population growth, 10 year jobs growth rates).Charlotte won out on household income, less crime, population growth, jobs growth and more college educated peoplePhiladelphia had more renters, less driving to commute, more single peopleI also pulled approximate rents and median home prices by neighborhood and Philadelphia won on better cap ratesStep 10: My final decision: Philadelphia Philadelphia is also closer to NYC (2 hour train ride), has improving demographic trends (gentrification), more affordable for my budget, stronger rents, and larger urban center with more investment options (SFR and MFR)There are obviously downsides such as older buildings, higher crime rates, historical population growth issues We can debate the merits of one city over another, but eventually one has to get off the proverbial pot and make a decision.

Are they growing POT ??  

(Don't forget to stir up your own pot of creative ability)Typically, with the split your referring to someone brings 100% of money, you do the leg work, is 50/50 profit split.

I, like you, am a buy-and-hold investor who considered flipping to grow my DP pot.

Usually 5% is what's set aside so what's 5% of $180.000.00  it's $9000.00   so that's a big pot of money.. and you've saved every dime of it so far...  

I expect him to say that he's out and that he will forfeit the deposit voluntarily.

Hey Everyone, I'm new to the real estate game and Bigger Pockets, and looking to Westchester as a potential honey pot for investments.

i dont know anything about syndications but if i had to guess is it just having multiple partners in a single deal that put there money into a pot to invest?

Once you add-in the cost of utilities (especially heat), furnishings (couches, tables and chairs, beds, sheets, towels, table cloths, pots and pans and plates and silverware, napkins, toilet paper, TV's and radios, washer and dryer and refrigerator - yes, it's common for a long-term SFR not to include a washer, dryer, or refrigerator - etc, etc, etc), plowing/lawn/trash (or HOA fees), cleaning, extra repairs and maintenance (I promise that a long-term house renter takes better care and causes less wear and tear than a revolving door of vacation renters), turnover management and screening, etc, etc, you are not making any more with the vacation rental than with the long-term SFR where the tenants pay all the utilities (possibly with the exception of water/sewer), and take care of the lawn and snow, and provide their own furnishings soup to nuts.