The combined value of the three rentals is $1,500,000, with remaining mortgages totaling $290,000 (with 12 years left), leaving me with $1,210,000 in equity.

We find ourselves receiving a combination of PDFs, excel spreadsheets, banking statements etc which then require reconciling and organization on our end.

They are often based on a combination of unleveraged internal rates of return and discounts to replacement cost due to the scarcity of debt.Where cap rates are used, they have seen significant movement off the 2021 lows, with 5-star properties seeing yields expand by 175-200 basis points.

I just responded to someone entertaining the idea of doing Subject To, which I enourage and an example I am currently doing.

We have 3 rentals, and Turbotax says we made about $27k off the 3 combined last year, so I ended up having to pay the IRS $8k.

I'd entertain partnering with someone if it was the right deal.

@Maryam Mostafa 12 cap is high risk, high effort or some combination of the two.

But the next day, I had a second counter offer accepted for a not as dated 1970s triplex that I wasn’t expecting so I’m now feeling a combination of fear and excitement that I’m sure a lot of you felt on a first deal. 

It would be easier (i.e combining capital) and nice to have a common goal but I’m not sure if it’s advisable if my spouse’s mindset isn’t as investment oriented

capital gain and passive activity is very different you can't offset each other.see to make this PAL stuff to be make sense you need to combine it with 2 years tax-free first 500k primary buy/sell, 1031 , syndication and development/flipping activity.