Your partner will need to pay according to the terms of your rental agreement (yes, he will need to sign a rental agreement) and he can receive compensation for his investment in a similar manner to how you will receive compensation.

I don't see these larger MF valuations as being sustainable by any stretch, especially given that 500 additional units are in various stages of development and we aren't silicon valley cranking out IPO insta-millionaires.

Basically, I want to know how to best ensure that the mortgage (and insurance) payments are made in timely manner and that the seller doesn't use these checks for some other purpose. 

By putting each house in its own LLC, you create a ceiling of losses that you can sustain in a given circumstance.

If you were suddenly making the switch that nobody should do ANYTHING tax related in any manner other than in person or by post, then that was definitely not clear because that is not what Michael was talking about.It was a total non sequiter for Michael to be talking about CPA document sharing and you suddenly to be going to the entire tax filing process, but ok. 

And your DTI is impacted by the 2nd lien you've maxed out to purchase real estate...it's not a really sustainable scenario. 

I like my doctor to be knowledgeable, whereas others like one with a good "bedside manner".Finding a mentor is like finding gold in the ground.

Today, with the big data we have, it is actually quite apparent that the data that is available, is inadequate to derive adjustments in any manner even remotely reliable - real estate data is simply subject to too many variables to pin exact amounts down.

Hi Wei Jie,The strategy can work as long as you have positive cash flow and deep reserves to sustain you through different cycles of the market.

Its simply a mechanism for allocating property distributions and tax attributes in a manner other than a simple pro rata approach.