VFINX and VOO are popular ones among the worlds elite financial experts, check them out.Disclaimer: I'm not a financial advisor :)

@Lawrence L. a note is among the  many terms defined as a security under federal law.

One thought - I find that your market segment was among the last to recover from the downturn. 

I was among the many investors. 

Is there a difference among the different classes of real estate i.e. multifamily vs. single family? 

However this growth has not been distributed equally among the entire city. 

It's not that common among the entire investor population as most investors will keep leveraging the equity to buy the next property, not fully paying off the debt, therefor contractually obligated to carry the insurance to secure the loan.From a Property perspective, you largest risk would be a large Wind or Fire event. 

So here is my question - if I am providing all the downpayment, and he does all the remodel work, how should the profit be split among the two of us in the end...Thank you for your inputs....

You need to know what amenities you need and how to differentiate each property to stand out among the sea of of competitors.

I understand this is also a perfectly legal and above board way of reducing tax liability through effective tax rates from roughly 28% to roughly 15%, and a common practice among the wealthy.