It’s wise to run different stress tests on your budget to see how it handles fluctuating interest rates, higher costs, potentially lower market valuations, or worst-case-scenario acts of God.b.

Many landlords now use online platforms that integrate electronic signature capabilities to handle this legally and efficiently.

How I have structured these in the past is if he is coming with all of the capital and you are handling everything else than a 50/50 split is fair.

If you’re comfortable handling the paperwork yourself, you can continue to do so.

Waiting allows for maximum savings and house hacking, but may delay entry.

This time he, the investigator, showed me a door on the second floor was not secured, missing a handle, etc which was the case during renovation, but very hard to access if you had a ladder, and two windows that had old style brackets were not secured.

@Jon Kim No matter what entity you decide to invest with please be sure to have 1-3 exit strategies outlined in your partnership/LLC agreement to make sure you know how you’re going to handle a situation when 1 or more of you wants out.

The PM should have it set up so it is all automated and other than checking rent is paid as are bills, there isn't too much to it and one person usually handles their accounting.

It's too small to have employees and efficiencies but more work than I'd want to handle myself relative to other interests.

This is a pretty in-depth calculation that should be handled but a tax professional.