@Nate MorrisIt would make sense that the deal may need to be included in a separate sale.Generally when purchasing property, you want to weight more of the value into items with lower depreciable lives.

@Randy E.

A property is coming up for sale and the owners have passed and only son never got deed in his name e has passed which leaves 3 children left and the will has not been probated.

Ask to see the schedule E from their income taxes

@Shane E Haffey - Be sure to check out the "Events" Section under the above "Network" menu for all the different meetups with BiggerPocket members.There looks to be a Lake Norman meetup scheduled for tomorrow night in fact...   

Do you have E and O insurance to protect the agent?

And carving out time to quickly rehab units so the empty days are minimized.I e-mail my procedure manual to folks who PM me, as a starting point, if you are interested.If you decide to go it alone look for classes and/or local organizations to keep up with laws and for additional support.

While you can find partners to take some of this weight off your shoulders, you're still going to need to put EMD down on properties (risking tons of money), your reputation on the line, your investor's confidence in you, due diligence costs (inspection, scopes, lease audits, etc...), travel costs if you're going out of state, and much more!

Also look up E-Cornell Certificates.

I'm always looking for good R/E conversation over the bar.