If not, I’d bet there was no partnership return.Assuming a 50/50 split, you should take half of all income, expenses and profit and report that on your return.

Miss one, and you might just find yourself drowning in delays or worse and kissing that sweet deal goodbye.Another checkpoint on our journey: third-party inspections.

Your best bet is going to be to join the facebook groups, there are 3 major ones in Lansing.

I began my real estate journey in December, and together with my partners, we now own 10 units and have grown our portfolio to $5.5M.

It’s been an incredible journey of self-managing the property—living in one of the units for three years and gradually renovating three out of four as tenants turned over.

If you're looking to avoid a rather large tax hit, a 1031 is probably your best bet.  

So a nicely decked out  cabin I bet would rent real well for STR purposes  Not sure about permits etc..

@Hunter SmithStarting your real estate journey in Southern Arkansas can be a rewarding experience.

.- Lastly, I checked out the Colorado market (especially Colorado and Colorado Springs), and the property prices are high there and hence, it won't cash flow there either.Hence, while I want to begin my journey, I am not sure where to start.

And that gave us a feeling of security that allowed us to take "riskier" bets.