Spell out the complete agreement of how expenses, profits (or losses), and other responsibilities are to be split—put everything in writing.Do a background check on the partner to confirm there are no outstanding liens, judgments, or active lawsuits against them.Hope these suggestions help.

You’ll also want the last 12-24 months of profit and loss statements and bank statements to verify income and expenses.

Welcome to Bigger Pockets. 

Welcome to the Bigger Pockets Community!

That makes a bigger impact on being able to self manage rather than hire help.I don't use the lease from KeyCheck.

Bad location= lose money and sell at a loss after a few years of frustration.  

.: I have just been notified that the house I am in contract with--that currently has tenants renting out--has been late with their rent for the last 3 months due to a job loss.

You bought this for 720k, then put in 463k, and are selling it at a huge loss for 751k?

Hi, Haley - glad you've found bigger pockets.

After all, more buyers and a bigger market, less worries about cashflow.