Does This seem like a Fair Partnership Very Very Rough Draft WHEREAS, Party 1 and Party 2 (collectively referred to as "Partners") desire to enter into a partnership for the purpose of jointly owning and managing real estate properties;NOW, THEREFORE, in consideration of the mutual covenants contained herein, the Partners agree as follows:1.

We were recently contacted by a real estate developer who desires to purchase a portion of our land(roughly 13'x210', all along the road).

I do really love my apartment/neighborhood and would certainly have to move to a less desirable part of town if I were to house hack, but I also know that if that's the best route, it's better to do it now, rather than when I may have kids to think about.What are your thoughts?

I would say that as long as you are close to major hospitals, universities, company headquarters, airports, tourist attractions, or beaches, you'll generally be pretty safe in getting your desired return.

Washington State and especially the city of Tacoma are making this area a less desirable area to invest in.

It certainly will limit your count but big family could imply that it is not very limiting.I would still recommend avoiding a market were council has made clear their desire to eliminate non owner occupied STRs.  

Yes, it may be less desirable to live there, but you'd have to weigh all the factors and pros and cons in reaching a final decision.For example, I live and invest in the Capital Region of New York.

. - Annualized ROIFor Rentals that we hold in our portfolio, that were perhaps once BRRRRs, I analyze based on ROE - Return on EquityI used this equation to back into my maximum allowable offer (MAO): ARV - Rehab Costs - Holding Costs - Purchase & Sale Costs - Desired Profit as a percentage of ARV = MAO

Plenty of people still moving here with record low unemployment means wages will rise and the increase in rates is not having the desired affect in our neighborhood.   

Locate For Sale By Owner (FSBO) HomesA useful approach to locating homes available for purchase through owner financing is to drive around a desired neighborhood and look for “For Sale By Owner” signs.