My thought for a number of years has been to “go wide” by buying my chosen number of properties, and then “go deep” by paying them off.  

Do they just buy at a such deep discount that they could offer these features?

Unfortunately writing the above post and checking around with any contacts is as deep as I can get into it partnership-wise :). 

@Julie Hill What option(s) you decide to take will be dependent on: Balance sheet  - how many $ are you willing to invest, how quickly and for how long;Time commitment;Risk/return expectations - newbie investor only look @ returns, whereas they should be focusing on understanding riskLiquidity and risk tolerance - closely linked with the earlier point on risk/return expectations.I would focus on picking a niche and taking a deep-dive.

Hearing a successful stories motivates even more to dig deep into studying and researching the RE business!

Technically speaking, you only need to issue 1099s for the business portion, but I would not dive that deep into technicalities and issue 1099s for the entire amounts.

If they just wanted to relieve themselves of the management they could pay a PM 10% of the gross rents for $380/month and come out way ahead.There are a couple routes that I personally would go which is either buy it outright and negotiate a better price, have the seller participate in the financing by wrapping the original note (uphill battle but could work) and giving an all inclusive Trust Deed to the seller, or go the MLO route at the price they want with a 10 year window with option consideration enough to cover the agent’s commission.

It too needs updating, probably some maintenance but I’m not sure how deep the rabbit hole goes.

Without going too deep into my personal situation I’m active duty in the Military and I’m about to re-enlist and fortunately for me I can receive a bonus.

Without going too deep into my personal situation I’m active duty in the Military and I’m about to re-enlist and fortunately for me I can receive a bonus.