Budget in some cushion for going to visit the property and worst case scenarios.  

What specific statutes keep what your advising from being concealment at best and mortgage fraud at worst?

Assuming you can legally represent your neighbor, you will need to have some sort of written agreement. 

It got me to thinking if there was a spill or some sort of damage all the hotel would have to do is change that particular carpet Square.

Most also use a Yahoo/Gmail account...yes, I know some here will say they use one or the other, although with sites like mail.com or mail2world, you can at least get a semi-professional looking domain, it just adds to the red flags.I think their search bar is one of the worst, but maybe that's a tech issue...I occasionally go there, mainly to network, and try to find people I can work with, off CI.

What sort of return do equity partners typically ask for? 

Would that standard 35-40% opex ratio be inclusive of some percentages for property mgmt fees (8-10% usually) and some sort of capex reserve assumptions?

An investor friendly agent can do all sorts of helpful things, like setting you up with a search for properties or connecting you with folks who have recently done deals like the ones you want to do. 6) Consider analyzing a deal or two in your local market, just for practice, with a free use of our Rental Property Calculator (or other calculators).

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

Look for the worst house in a great neighborhood with good school system or near major attraction.5.