In some states contracts are available online (in fact I think CO has them), and there are many similarities among the various states' contracts.Go to your library and look up some RE books and see if they show contracts.

This isn't necessarily profit so you should be careful if you're splitting this cash among the owners.

If you want some hard numbers to convince your wife with, I'd consider looking overseas - there are a lot of places in the world where monthly cashflow is in the net 10% and over (some of them even without the hassle of US tenants and property managers, which aren't always among the best of them) - way over what you'd save by investing in your own live-in.Best of luck!

Well, among the many problems with my nightmare tenants that came with the purchase of a 4U is they got a dog without asking me.

The cost (at 50 cents per transaction) is among the cheapest, and the first tenant I tested it with reported back that it was easy to use on their end.

I just do a cost-analysis of what water usually costs in the building..I add that money into the rent, and divide it among the tenants..In my 2 family unit, its about 11 bucks per month, or 44 per quarter.Nothing huge, but why pay for it.

I would discourage you from offering to be the PR, even if it's difficult to find someone who will act like an adult among the heirs.

What if there is a dispute among the owners about which roofer to go with, or the cost to repave a driveway?

@Chester Straley - it really depends on what you want to accomplish.Propertyware, Appfolio and Buildium are among the biggest in the PM space.Propertyware - expensive, but allows a lot of customization (we use it)Appfolio - not as expensive and while offering a lot of customization, not as flexible as Propertyware.Buildium - cheapest of the three, little customization.

It was the first increase since 2010.Income inequality: The Gini index fell to 0.488, narrowing the gap as pay among the highest earners decreased.