You're essentially buying into a partnership with your friend with the partnership owning and operating the property.Now, the financial side of that gets more complicated and would generally include an advanced proforma/financial model that includes a GP/LP equity waterfall schedule that is based on how you and your friend agree that you will pay her and also share the profits.I assume that won't make sense to you right now, but I'll send you a DM.

This does also include my live revenue manager, which accounts for about $20,000 - so without her about $60k for pure software integrations.

We have also completed some exciting improvements including retyring a boiler for heat/cool ductless mini-splits and 9 units being electrically updates.

Strategic $12,000 renovations included minor updates to the kitchen and bathrooms, enhancing the property’s appeal to potential buyers.

Focus on neighborhoods with strong rental demand and growth potential.Also, make sure your numbers work—factor in all costs, including rehab and holding expenses, to stay under 70% of ARV.

Consult a tax professional or real estate attorney to discuss the best approach, including keeping homestead property in your name, forming an LLC, and reviewing insurance policies for liability protection.Good luck!

The asking price is $375,000, which includes all inventory and FFE.

Hello All,I have been investing for the last 4 years in real estate and am on the way to purchasing my 3rd property (a flip :)I am having a hard time knowing how I should organize my incomes, expenses, taxes, ect for easy bookeeping, to help keep everything separate legally, & to produce income on the money sitting in the accounts.I can only explain my ideal thoughts in a graphic design so i will include that here:Does this make sense in order to maximize profits & keep things organized? 

If you would've gone with YellowLetters as opposed to doing it yourself with all the costs included (paper, ink, printer, envelopes, postage,) how much do you estimate the difference in cost would've been for 3000 letters?

@Fiona Layne-GerminBeginner-friendly strategies for building long-term wealth include house hacking, buy and hold rentals, BRRRR Method, real estate syndicatations, rent-by-the-room strategy, short-term or mid-term rentals, and partnering with experienced investors.