This includes 1 off-street parking spot - which is very desirable in South Beach) HOA is $802 and taxes (with no exemptions) are $3192.

Sometimes it's 1 for 1 and sometimes it's a percentage of the cost if the market / land is super desirable. 

There is government data online to see where good schools are, low crime rates, and desirable city amenities.  

Most QSR restaurant concepts and others tenants desire 3/4 to 1 acre plus usable parcels these days. it gives them lots of options with designs and layouts to maximize sales per foot.

If you want to switch from joint tenancy to tenancy in common, a real estate attorney can help create a new deed with the desired ownership percentages.

Find an agent who believes in the value that you bring to the community and desires to partner with you in that venture.

I know this is old but wanted to weight in. 

@Rodney LoveReal estate investing is a common means of escaping the 9–5 grind, although the methods used to do this vary greatly depending on the investor's background, abilities, risk tolerance, and the health of the market in the desired investment region.

. #1 - Charleston, SC area - Worth: ~800k / Balance on mortgage: $230k / Excellent rental history 5y+ @ $3,300/month / Divorce buyout #2 - Syracuse NY area - Worth: ~600k / Balance on mortgage: $185k / No rental history (just inherited with brother) but in a desirable area so local realtors say it will rent easily in the $2,000-$2,500 range / Brother is partner#3 - Kansas City, MO - Worth: ~200k / Balance on mortgage: $100k / Excellent rental history 4y+ @ $1,200/month / Divorce buyout First choice is to pay off partners in a clean lump sum now (one wants to buy ASAP in another market, the other wants to build ASAP), but I'm open to brainstorming for options.I live in Portland OR and rent my primary address. 

Buyers are generally able to acquire these properties at a higher CAP Rate than a comparable Class A property because these properties are viewed as riskier than Class A.Class CClass C properties are typically more than 20 years old and located in less than desirable locations.