Many of them are savvy marketers but don't have background/experience in pref equity space but lead folks to believe it's just an  'easy button' to make stellar returns. 

Hey Mark,I’ve been there....stuck with a property that felt more like a money pit than an investment.

Hello @Vinay Sanapala,I recommend listening to the excellent comments from: @James Wise, @Drew Sygit, @Jay Hinrichs, and @Mark Cruse.I regularly read people claiming that Section 8 is free money and guaranteed.

Already a co-owner of  single family home with shared common space and bedrooms rented to individuals.  

The more imminent needs are the electrical, plumbing, roof and upgrade to double pane windows, most of which will be pretty dusty if there are humans living in the space.

They were pleased what house they could get for their money, good schools and more space.

You normally want to mark that the partnership is filing a final year return.If one partner is being brought out, that individual will have to report a sale on his/her individual return.

I've had really good luck with the upper starter home level homes with an ARV around the 150,000 mark.

Take their space and hire admins to go with the VAs and have 2 showing assistants who get paid a salary and done.

this really depends to on what you do for a living .if your in the real estate space with a lot of commercial loans.. your balance sheet is very important more so than your fico by a long shot.so when figuring net worth those that are leveraged to the max basically have very little to no net worth other than their cash or other non real estate investments. so its a fine line..